I am still bearish on Ripple vs U.S. Dollar (XRPUSD) and I believe that the drop is about to pick up momentum.
Look at the MACD: This can spell disaster ahead.
Also notice that prices are currently challenging as support EMA10.
After a lower high compared to the first test of EMA10 as support, 26-Nov., this can signal that the next level will be tested, meaning EMA21 ($0.5176).
But this can go even lower... See my previous analysis for more targets here: Ripple vs U.S. Dollar (XRPUSD)... Wow...
So you show a chart of a bullish pendent, XRP consolidates for a few days and it's bearish? I hope you didn't overcook one side of the burger at McDonald's while you worked this out. Look at the monthly chart, look at the weekly candle closes. We're in a bull market, corrections are normal, stop pretending to know how to read charts.
AlanSantana
⋅
@l337j0nes, Get on board... This is a "normal correction"... What's your point?
I am just saying it is dropping and it is dropping. What's the big deal about it?
l337j0nes
⋅
@alanmasters, you're right, I apologize. I hope your trades go your way.
AlanSantana
⋅
@l337j0nes, I know how to handle trolls... You are being of my entertainment right now. 😊😊😊
l337j0nes
⋅
@alanmasters, trolling assuming I don't know what I'm talking about, go ahead and put your buy orders in at .5176 or lower... I'll wait while they get filled
l337j0nes
⋅
How's that short going? 😂😂😂. Calling a short during consolidation is like predicting that the heat will kick on when room temp has dropped 1 degree, if you can't see the macro picture then don't front. I'm calling $1-$2 in the next 2 weeks... You on board? Let's actually get it right. Zoom out on the 1 month and look at the perfect wedge pattern, and watch it get busted north. It's so simple