Be carefull if you hold XRP right now. Sentiment tell me we can have another drop before the next impulse. It need to turn bullish again + a breakout on the upside for me to change my mind and tell buy! Trade at your own risk!
Comment
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Its very rare but i hope im wrong on this trade :( I posted the trade i want if it shift to upside now, but i doubt it alot. This is what we need to see to change to long:
1 - 0.625 break up 2 - sentiment turning bullish again (most important factor) 3 - The pattern, but the pattern is already beautiful even with a last drop
Its very rare but i hope im wrong on this trade :(
I posted the trade i want if it shift to upside now, but i doubt it alot.
This is what we need to see to change to long:
1 - 0.625 break up
2 - sentiment turning bullish again (most important factor)
3 - The pattern, but the pattern is already beautiful even with a last drop
mociog2
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I see consolidation that would maybe cause concern, but the consolidation is more of a bullish indication. Even on your chart the Fib Retracement is showing good support on the 50% level while attempting to find support on the 61.8 level. Plus that wedge is a bull flag, so if it does have big price action after consolidation I think it would be bullish. Just my opinion though. Nice charting by the way.
I posted the trade i want if it shift to upside now, but i doubt it alot.
This is what we need to see to change to long:
1 - 0.625 break up
2 - sentiment turning bullish again (most important factor)
3 - The pattern, but the pattern is already beautiful even with a last drop