MisterCatt

XRP/BTC Painful Slope of Downward Channel

POLONIEX:XRPBTC   XRP / Bitcoin

Could be bad news also regarding 1 billion xrp sell off todaysgazette.com/ri...p-blessings-or-woes/
if it's continue dump and broke 0.382 fibonnaci support (5200 satoshi) .. i expect around 4100 satoshi level be a good support..

So far. nothing interesting in most indicator (CMF, RSI, MACD) as it's volume non-existential, still in bearish area, price being suppressed hard... and it's still continue it's downtrend.. xrp/btc still dump since december 2018 until present regardless btc dominance percentage level before 54% and above 54%..


But i have interesting hypothetical timeline that i made for upcoming impulse movement for xrp/btc..


please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.