$XRP Might Gonna Have Another Wave, Do You Even Believe It?
So the very first time that i see the chart is quite skeptical. Why let me show you in a brief explanation below:
1. Price action trend in very short term time frame has broke the trend line, which means the only thing that holding the price is only momentum.
2. This makes me think more downward is coming to hit. How far? we can see as the first support around 7k-8k sats and then we're straight to 4k sats. Which means at the very worse scenario, my bet is that we will be around minus 45 percent.
3. ADX trend and MACD shows different opinions. It looks like XRP just having chill on the trend by manage to keep the price stable on 8k+
4. Which means by these two indicators, I might strongly believe we might have a limited bullish wave.
5. If I wanted to compare with the price action indicator then it will be 60%:40%. 60% up and 40% down
That's my bet. What's yours?
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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1. Price action trend in very short term time frame has broke the trend line, which means the only thing that holding the price is only momentum.
2. This makes me think more downward is coming to hit. How far? we can see as the first support around 7k-8k sats and then we're straight to 4k sats. Which means at the very worse scenario, my bet is that we will be around minus 45 percent.
3. ADX trend and MACD shows different opinions. It looks like XRP just having chill on the trend by manage to keep the price stable on 8k+
4. Which means by these two indicators, I might strongly believe we might have a limited bullish wave.
5. If I wanted to compare with the price action indicator then it will be 60%:40%. 60% up and 40% down
That's my bet. What's yours?
**************************************************************************************************************************************************
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
--------------------------------------------------------------------------------------------------------------------------------------------------
www.tradingview.com/u/blockchaindedi Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform