Bears made few attempts and partially succeeded in chart patterns breakouts towards .45, but buying pressure is just to strong and it wont allow for big dip, because crazy expectations in percentage gains on XRP.
We are in small yellow triangle for almost 3 days now, hope that upwards breakthru will boost thru bigger (blue) triangle and than we are towards and beyond $1.
At least that would be best case scenario
Im still long. Im still counting on one pump before flare token XRP holders screenshot on Dec. 12th.
But there is great chance BTC will drag down other crytos on Dec. 3rd - SEC will show directions for legalization of crypto currencies, and my opinion is that BTC will be under pressure because of it anonymity.
As i see it, there are two possible scenarios:
I must admit that i Fu*ked Up because i forgot to set SL and i went short at 10.500 😒
But my analysis that i am counting on it, is that we are still in downtrend channel.
Conservative TP: 8.400 / wishful thinking TP: 7.200
Crypto currency are effected by overall movement of stock market or DowJones index.
Most active and leader of crypto pair BTC-USD and follower ETH-USD are in the time period before or in the middle of breakout.
With the help from positive trend of stock market i believe both currencies pair will move bullish.