I don't really know what happened to XRP for it blowup a few days ago. Something to do with the SEC case. Who really cares...XRP has not been in prime position for a buy for quite a while until now.
That little uptick caused a bit of a ripple (see what I did there?) amongst a few other coins. But the hype quickly died.
As you can see the price hit that 200 line and is making it's way to the downside in a very clean V-top pattern. Everyone made their gains a got out very quickly. This little retracement is interesting though as there are several areas price could fall to before going to upside again. They are indicated with the green arrows. However, I am going to be waiting for a good little curve in my oscillator before a I make a move.
But who knows. Price may fall right through all that support and continue in it's downtrend towards its Range Zone of Aug-Oct 2020 which was the last zone XRP saw before it shot off.
FYI, these "trades" I am doing, some are perpetuals and some are buying the actual coins as investments. With this pariticular trade, I am going to be buying the actual coin and holding it. Since markets are in a relatively tumultuous time, especially being in bear market, buying the asset is far safer than buying the contract.
That little uptick caused a bit of a ripple (see what I did there?) amongst a few other coins. But the hype quickly died.
As you can see the price hit that 200 line and is making it's way to the downside in a very clean V-top pattern. Everyone made their gains a got out very quickly. This little retracement is interesting though as there are several areas price could fall to before going to upside again. They are indicated with the green arrows. However, I am going to be waiting for a good little curve in my oscillator before a I make a move.
But who knows. Price may fall right through all that support and continue in it's downtrend towards its Range Zone of Aug-Oct 2020 which was the last zone XRP saw before it shot off.
FYI, these "trades" I am doing, some are perpetuals and some are buying the actual coins as investments. With this pariticular trade, I am going to be buying the actual coin and holding it. Since markets are in a relatively tumultuous time, especially being in bear market, buying the asset is far safer than buying the contract.
Comment:
XRP has broken upside on a 4 hour wedge that looks promising but it'll be hitting that high of 0.527 which will have a big reaction.
Comment:
XRP has broken out upside of this wedge pattern and we could be seeing some bullish momentum soon. However there is resistance at .52 area. So we'll wait and see. But we are ranging very heavily. This primarily because we are in a bear market as well as our lead crypto coin BTC is ranging heavily as well.
Comment:
Good movement to upside but there's still good resistence
Comment:
Hmm, level is not looking promising. I've taken 90% of my profit for this trade and have moved my stoploss to BE. If it shoots up, then coulda woulda shoulda. I ain't riskin this any longer.
Comment:
Good thing. I took that profit. Price hit a serious wall there.