UnknownUnicorn3574358

XRPUSD Needs to regain and hold 25c to spark a strong up trend

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Failure to re-take 25c means we're likely to fall off the cliff painted in 2017. With global markets looking weak, with BTC looking weak and with the pending class action allowed through suddenly what looked bullish just a few days ago is looking very bearish .

To the upside you have $1 even $10. To the downside you have around 10c. No one knows what will happen, you should compute the risks for yourself. Market conditions can turn on a dime, I'm just reporting what I see as I see it.

Comments

I agree that we should look at it objectivly. But support lines are not enough. We need indicators for spotting divergences to guess the probability of a continuing trend, or trend reversal.
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NoobOfTheMonth NoobOfTheMonth
@NoobOfTheMonth, The monthly is not so promising, but maybe too high level to spot it early enough.
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