XRPUSD
So looking at a chart in recent pump and dump candles, it came into my mind that there could still be people that bought xrp in a yellow region, expecting that the price will pump further. This unfortunately did not happen and as price dropped a lot of those people chasing green candles got trapped and could not sell. Because of that, there will still be a lot of people willing to sell, when the price will reach to the yellow region again where. We are talking about amateur investors who probably don't really know what they are doing, just chasing the green candles.
So if there are enough sellers in this yellow price range we could reverse down from there again, and if we also fall through orange ascending support trend line we could be seeing an typical ABC correction before finally going to the Mars haha.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. Stay safe.
Comment:
For now, we are holding quite strongly.. probably not much longer and will fall through, but will see.
Comment:
If, for some reason this orange support line does manage to hold, the ABC correction is out of the game imo.