This fractal was taken from where the 2017/2018 bull run ended all the way to where we are now. I've overlaid it to fit on the 1D chart, and then zoomed in to the local 2H timeframe and pulled the fractal away and placed it below. I anticipate a retrace back up to the local .702 fib level followed by more downside. I know, I know, but XRP to the moon. Yes. I know too, but not yet. Just. Not. Yet. Take note of the declining volume since the recent highs. Oh, and did I mention the Fear & Greed index was at EXTREME today? That too. Happy trading!
Cheers!
-Not financial advice -I'm not a financial advisor -Do your own market research or consult a financial advisor before trading