nagihatoum

XRP bear pennant

Short
Following along very nicely my previous idea. Pennant's target is 3 cents where apparently there is a very large buy order. XRP did not even move a bit when other Alts were mooning just to show how weak this coin is.

I believe after falling to 3 cents it will go up again to the $0.44 order block where all the fomo buyers are trapped and are desperate to unload. It will prove very strong resistance and send price to zero finally. I have shown in the idea listed below that order blocks have been the cap of previous pumps.

I keep the option of a pump now open, but that needs a change in technical characteristics which will be obvious.

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.