could XRP be in trouble? - early sell signal
if you look at the chart i have pointed out several occasions where RSI hit the upper downwrad trending line(violet) and has made a slight pullback every time it has been hit
also, the teal line could represent trouble, when you observe the period in the first yellow box, RSI broke above the teal line -> then found suppor from the teal line -> followed by resistance from the downward trending violet line 2X TIMES! -> and then finally plunged down
the situation whats going on right now is similar to the previous one, with just one thing aparting them: no double top resistance - bounce from the violet line, bounce from teal line, and now rejecting from the top again
so, IF the teal line wont hold, its time to lighten your bags
also, the teal line could represent trouble, when you observe the period in the first yellow box, RSI broke above the teal line -> then found suppor from the teal line -> followed by resistance from the downward trending violet line 2X TIMES! -> and then finally plunged down
the situation whats going on right now is similar to the previous one, with just one thing aparting them: no double top resistance - bounce from the violet line, bounce from teal line, and now rejecting from the top again
so, IF the teal line wont hold, its time to lighten your bags
Commentaire:
if this continues the downward movement, 12000-13000 is possible