teknoaxe

Crypto Pergatory

We're in a weird space in Crypto-land.

It appears, at least for XRP, that we've broken the support that has pushed growth since September, but we've also broken the falling wedge. Now it seems to be a fight between the 0.618 support line from the September 2018 Long and the 0.236 retrace resistance line from the fall from the initial September 2018 Long.

The good news is that, in terms of candlesticks, we have a week long Doji to react to. If the price breaks up above the Doji, go long. If the Price breaks down, go short. It's about as simple as you can get.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.