XRP Breaks Below EMA55 | Bearish Signal In The Making...
XRP has been holding above EMA55, challenging this level as support.
Today, the action just moved below this level.
Last time this happened in April a major drop followed, this is also true in early August.
(Breaking below EMA55 preceded a strong drop.)
We are looking at the daily timeframe and the day is still young so this signal needs confirmation.
Looking at the action preceding the current state of events: Long-term and short-term lower highs, as well as strong bearish action, the probabilities are leaning towards a bearish continuation.
Thank you for reading.
Namaste.
Today, the action just moved below this level.
Last time this happened in April a major drop followed, this is also true in early August.
(Breaking below EMA55 preceded a strong drop.)
We are looking at the daily timeframe and the day is still young so this signal needs confirmation.
Looking at the action preceding the current state of events: Long-term and short-term lower highs, as well as strong bearish action, the probabilities are leaning towards a bearish continuation.
Thank you for reading.
Namaste.
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followalan.com
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lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
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