Good afternoon to those that survived yet another FUD sell off in the crypto market. Quick update to XRP as we are now seeing bulls re-enter around the 1.44-1.47 zone. Critical we hold the nearest support fib level.
Opinion(72 hr timeline):
Look for heavy resistance at the red box nearest the fib trend line.
If we break through, we are likely to follow with a short lived pull back. The pullback shouldn't be violent but rather gradual and short lived, this is to bring up the S&EMAs for support as we look to break through the second red zone. This zone is our 2nd near term & major resistance prior to pushing to ATH's.
Look to take some profits at the green Target price level, ill be sure to update the feed as we approach that zone, if things look strong still take profits, but instead of 20% of your position take 10%. If you are day trading, always cost average your entries and exits or you may as well go burn your cash now to save some time >:)
Opinion(72 hr timeline):
Look for heavy resistance at the red box nearest the fib trend line.
If we break through, we are likely to follow with a short lived pull back. The pullback shouldn't be violent but rather gradual and short lived, this is to bring up the S&EMAs for support as we look to break through the second red zone. This zone is our 2nd near term & major resistance prior to pushing to ATH's.
Look to take some profits at the green Target price level, ill be sure to update the feed as we approach that zone, if things look strong still take profits, but instead of 20% of your position take 10%. If you are day trading, always cost average your entries and exits or you may as well go burn your cash now to save some time >:)
Comment:
Currently, price action and indicators confirming bullish sentiment (blue triangle and green signal dots on cypher B indicator on panel 2)