Quick daily chart on what is a likely scenario in XRP. Descending Triangle with bearish momentum continuation pattern. Death Cross on daily chart where 50 MA crosses 200 MA. Prepare for another leg down, possibly last one before slowly consolidating into bull market, but this one may come will full bear force.
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As crazy as it sounds, I am still in all my short positions. Underwater of course at the moment :/ But holding on and still believe in lower targets. Low leverage is the key here! If this shall be indeed the new bull run and we keep pumping, then I will add to my shorts at significant higher prices to improve my entry point and will look to break even. Far away from liquidation so no worries here. (Current price: 0.411)
Has to retrace before the big drop that’s the one thing you miss. There’s more you missed; it’s possible will be very bullish because of XRP adoption rumor going on, Feds bought all the XRP, also lastly the investors are going to start DCA into XRP. Turns out we will be in a massive bullrun
robroszk
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@Richburst9, Not to mention all of the fake outs in those crosses both 'golden' and 'death' that anything could happen at this point. We are way overdue for a Bull Run so i think the odds are in our favor for sure.
BTCeer
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@robroszk, @ Richburst9 Gentlemen, I did not miss the fact that there is the chance for a retrace/fakeout where XRP could rise to test the 50MA or 200MA, right around where I have indicated the red resistence line. I have that area circled. Right now we are testing the green resistence line in my chart. My analysis is based on several factors and in my opinion it is a matter of time until this will dump more, but in Crypto anything could happen at any point. Check my other analysis of coins that also show a rather bearish trend ...
BTCeer
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@Richburst9, thanks for your comment. See my reply below :)
thelordvendetta
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@Richburst9 🤡🤡🤡
thelordvendetta
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Feds bought all the Xrp 😂 you clearly don’t understand XRP
Iiscoolthumbskin
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@thelordvendetta, the fed buyback is the dumbest thing I've ever heard. Anyone who says it instantly discredited.
olex20151565
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😂😂😂🤡
SwallowPremium
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It’s awesome. Thank you for sharing your opinion. You did great work!!