Alright, so XRP has been on a bull trend for a while now, and I think we're primed for a pretty big correction.
XRP appears to be pretty heavily overbought, and we'll see how this plays out.
PLEASE NOTE: All my charts show purely the TA side. Please apply your fundamental knowledge of the crypto market(s), and XRP in general to use the chart to make informed decisions for yourself.
Comment
⋅
Also, I'm using 4 hour candles
Comment
⋅
Holy shit we broke the resistance line for the uptrend LOL
There's no way that the buy volume is going to support such a trend, it has to correct.
The question is not "if", but "when".
MW_Group
⋅
i don't really agree with your analysis, but im bearish too on XRP! Divergence on RSI is huge ... It's hard to short cryptocurrencies during this hype, however i believe that short xrp right now make sense
MW_Group
⋅
@MW_Group, you should do your TA on bitfinex at least, much more volume. And if someone know a way to do TA against KRW it should be better (Volume on Bithumb : 1600 M ; Volume on finex : +400M ; Volume on BitStamp : 175M...)
JuanPabloRubiano
⋅
1.71 touched, your are a duck!! and change the u for an i! will be 2 usd before new year's eve