XRP broke it's uptrend and as expected touched the daily support at 3050 sats.
Looking at the 4H chart here, if XRP closes above that daily level at 3050 we should see a test of the 3294 resistance.
This falling knife out of the uptrend is over. Bears lost control over the market, Doji candle is the 1st confirmation, 2nd will be the 4H close above the daily.
DO NOT enter unless it closes above 3050, you will lose money!
From here we should see consolidation for a few days before its move up to touch 3294 sats. With enough momentum, we could even see a test of the uptrend at the next highest resistance of 3541 sats in the near future.
This is a great entry to make a quick 8% if you missed out on the previous run up on these levels.
Happy trading, stack sats.
Looking at the 4H chart here, if XRP closes above that daily level at 3050 we should see a test of the 3294 resistance.
This falling knife out of the uptrend is over. Bears lost control over the market, Doji candle is the 1st confirmation, 2nd will be the 4H close above the daily.
DO NOT enter unless it closes above 3050, you will lose money!
From here we should see consolidation for a few days before its move up to touch 3294 sats. With enough momentum, we could even see a test of the uptrend at the next highest resistance of 3541 sats in the near future.
This is a great entry to make a quick 8% if you missed out on the previous run up on these levels.
Happy trading, stack sats.
