XRP in Accumulation Zone - RSI's and MACD are are down.
We're in the accumulation zone
1. 3-year trendline(RED) will stand,
2. This may last for 3-4 weeks,
3. Sophisticated traders will start hunting for tight Stops.
Things to expect:
1. Confusing swings,
2. Fake news,
3. Traps,
4. Emotional drama.
1. 3-year trendline(RED) will stand,
2. This may last for 3-4 weeks,
3. Sophisticated traders will start hunting for tight Stops.
Things to expect:
1. Confusing swings,
2. Fake news,
3. Traps,
4. Emotional drama.
Comment:
Chaikin Money Flow is also at all All Time Low (-0.44), which is another indicator for continues downward pressure.