NOT A FINANCIAL ADVISOR!!!
XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!
RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.
Gonna sell my flat! ;)
XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!
RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.
Gonna sell my flat! ;)
Comment:
Upper trendline from the wedge retest!
Comment:
We did get a bounce from that retest...what now?
We can see that XRP is having some resistance at the 0.618 level && some horizontal resistances from August-September 2020.
I would expect some double bottom formation ... probably another retest of the wedge before mooning!
I suppose that XRP will simply take longer to moon. Patience! ahah
We can see that XRP is having some resistance at the 0.618 level && some horizontal resistances from August-September 2020.
I would expect some double bottom formation ... probably another retest of the wedge before mooning!
I suppose that XRP will simply take longer to moon. Patience! ahah
Comment:
Well...if it does not hold here...
Huge drop might be a possibility:
Huge drop might be a possibility:
Comment:
Prepare your stops!
And remember this is against BTC.
Against USDT might as well be impacted therefore prepare your Stops.
And remember this is against BTC.
Against USDT might as well be impacted therefore prepare your Stops.
Comment:
Drop confirmed!
Only reversal possibility is that the RSI support holds otherwise expect a retest of the bottom of the wedge!
If the bottom of the wedge is retested then => new lower low!!!!
Only reversal possibility is that the RSI support holds otherwise expect a retest of the bottom of the wedge!
If the bottom of the wedge is retested then => new lower low!!!!
Comment:
SEC's lawsuit made XRPBTC reach last support before huge drop:
- Not sure what to expect in terms of TA Targets as this is a fundamental event!
- Not sure what to expect in terms of TA Targets as this is a fundamental event!
