Expect more down side bias as a key support level just broke. Bitcoin is also struggling to hold its gains so expect some weakness. We still have the primary long term XRP uptrend line that needs to hold or it's all bets are off...
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Just checking back at this chart and it seems we had a false breakout? I'm curious to see if this goes back into channel or even lower yet? Some head fake.
Growing at the moment, but my mouse hovering the sell button. If it breaks 94, im out.
A sideways trend until it exists the channel would be an indicator of reversal, right?
dubie
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@GeorgeAlexe, Also understand bitcoin has a major correction and the sentiment has soured and Bitcoin is still trending down for now and ETH is getting love. There are ebbs and flows in this space as the market works on a winner. Banks are using ripple so just keep waiting for that bottom and hope it stays above the long term trend line. Wait foe some uptrend confirmation before jumping back in at key points as you can see we had a false break out it could seem. Buyers have not stepped in in any meaningful way yet.
A sideways trend until it exists the channel would be an indicator of reversal, right?