The good news is: XRP is still upholding the summer lows of 2018 at 25 Cents, even though we dipped below when the stops got triggered last week.
The bad news is: We haven't managed to bounce back and regain the crucial 30 cent zone yet. What was previous support, turned into resistance at 29 cents, which is why technical levels like S&R zones are so crucial to understand, even if you're just hodling.
Currently, we have a nice Equilibrium ongoing, which will either see a break to the previous lows at 25 cents or to the same S&R zone at 29 cents again, potentially with a follow-through. This potential will highly depend on what grandpa BTC does with its Descending Triangle now.
You can learn this stuff yourself anytime, if you wanna make informed decisions. Just let me know! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
The bad news is: We haven't managed to bounce back and regain the crucial 30 cent zone yet. What was previous support, turned into resistance at 29 cents, which is why technical levels like S&R zones are so crucial to understand, even if you're just hodling.
Currently, we have a nice Equilibrium ongoing, which will either see a break to the previous lows at 25 cents or to the same S&R zone at 29 cents again, potentially with a follow-through. This potential will highly depend on what grandpa BTC does with its Descending Triangle now.
You can learn this stuff yourself anytime, if you wanna make informed decisions. Just let me know! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
