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Andresa30
Mar 19, 2020 12:34 AM

XRPUSD CRITICAL MOMENTUM 

XRP / DollarBitfinex

Description

Critical moment for XRPUSD. Price has made a new low last week, but it did not close below DZ. Price is currently in a monthly DZ. If price breaks and closes out below distal line, it might be the worst scenario for holders. However, RSI suggests that coin is relatively oversold, and it has been sideways since January 2018. The daily timeframe shows that 20 SMA just crossed below 50 SMA, suggesting more of a downtrend in the next days. We will see!
Comments
VincePrince
Good point
JamesDean87
I agree. I think we're going lower. looking to buy back in at around .1050
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