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nagihatoum
Jan 4, 2021 5:37 PM

XRP bear pennant Short

XRP / DollarBitfinex

Description

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.
Comments
jamespeccia
Where did you see that there is supposedly a "very large buy order"?
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