Hey taders,
For the past few months i've been talking about an XRP breakout to the upside, and even after this dip that's still a reality.
In the last post I predicted that X would sort of hug the trendline until it touched the weekly again. I had a feeling it'd re-test the weekly, but not retest 2 lower supports in one candle. Absolutely absurd.
Now because of this, we should see the price sort of accumulating along the 0.272 resistance until we have to re-break out of the trendline in the start of November. There's no way that we keep falling, check out that hammer candle on the 4H. 12% down in 6 hours. I've only seen price reject like this a few other times in the past charting Bitcoin.
The Swell Conference is the 1st week of November, so I don't think we're going to have any significant upside price movements until then.
As always please do your own research, I am not a financial advisor.
For the past few months i've been talking about an XRP breakout to the upside, and even after this dip that's still a reality.
In the last post I predicted that X would sort of hug the trendline until it touched the weekly again. I had a feeling it'd re-test the weekly, but not retest 2 lower supports in one candle. Absolutely absurd.
Now because of this, we should see the price sort of accumulating along the 0.272 resistance until we have to re-break out of the trendline in the start of November. There's no way that we keep falling, check out that hammer candle on the 4H. 12% down in 6 hours. I've only seen price reject like this a few other times in the past charting Bitcoin.
The Swell Conference is the 1st week of November, so I don't think we're going to have any significant upside price movements until then.
As always please do your own research, I am not a financial advisor.
