Hi guys,
We're coming back to the strong resistance.
This time is a bit different. Fib 0.62 retracement ha salready been reached on the way down from the uptrend and now we're trying to break around 0.3 for a dollar.
The difference is the volume who has been rising in the last few days, despite the downtrend.
It's better to stay and see daily candle confirmation (my chart is 4h) which hasn't broken the line yet.
Then we should either see strong move up or bull back and bounce.
Let's cross our fingers and hope for the best !
We're coming back to the strong resistance.
This time is a bit different. Fib 0.62 retracement ha salready been reached on the way down from the uptrend and now we're trying to break around 0.3 for a dollar.
The difference is the volume who has been rising in the last few days, despite the downtrend.
It's better to stay and see daily candle confirmation (my chart is 4h) which hasn't broken the line yet.
Then we should either see strong move up or bull back and bounce.
Let's cross our fingers and hope for the best !
Comment:
Although XRP didn't make it through and it went much lower to USDT, please watch how it behaves against BTC. It tested same bottom twice and there is still growing volume and divergance on RSI. We should experience move up very soon (if BTC will not spoil the whole party like it did yesterday ;)
