A painful expedition down the yellow brick road is upon us yet again and the XRP fear is beginning to build as upward price action weakens and bearish divergences begin to show. following on from my recent short entry this is a longer term direction for the Trashcoin with mind of completing a full market cycle.
Where are we going? To the end of the rainbow. What happens at the end of rainbows? Good things; such as the collapse of centralized crypto currencies just like the impending collapse of our fiat currencies; only at mach 10 speed.
Adios!
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My previous shorter term entry:
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Previous Short call back in April 2018:
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(Open chart & Press play)
Trade active
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Nice double top forming on the 4HR chart consolidating under fib levels from current swing low to high. more downside imminent.
Trade active
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Getting there !! Next impulse is upon us
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Green fib surpassed and tested as resistance during this volatility. Looking at the original chart plot, we have reached the Green box, Last stand for bulls so liquidity around this area to build up for another push. Aiming for Yellow fib from chart above ^
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Green box going .....
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Taste the rainbow
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In green box zone ....
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Green box broke underneath, while Bitcoin and other coins are loosing strength against USD. Could possibly be a factor to add to signs of things to come 1767 looks like a decent bounce zone from the last chart update i posed. Still stands
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One Year on and the Yellow brick road is flowing, Somewhere over the rainbow ...