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NastyBeer
Dec 15, 2022 9:21 AM

XRP WEAK! Short

XRP / DollarBitfinex

Description


We see on LOG scale 0.55 has been r/s flipped in bears favor while price currently trading within a (bear) flag.

If this flag breaks down, new lows are very likely and of low price (since PA was ABC corrective in 2020, expecting new lows really around/below $0.10).

Expecting any rally towards the down trend line to be short lived and ultimately getting hammered by bears.

only a break above trendline and 0.55$ resistance would be bullish.

Favor still with the bears
Hold my beer pls

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No financial advice, do your own research, don't be stupid
Comments
Tradersweekly
Very weak, indeed. Thanks for the post.
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