short term bearish on xrp
short term bearish on xrp because=
- xrp is in a giant wedge and support line has been tested for quite some time
- retracement fib level of 0.618 may be broken in a attempt to test the bottom of the wedge pattern
- there is a supply zone sitting in between 0.618 and 0.786 retracement fib levels.
- a wedge has formed on the hourly time frame too which is not showing bullish volume or rsi to support a move to the upside.
- I expect xrpusdt to test 0.77 for these reasons.
- finally fud about crypto has not cleared up yet so you can see where i im going with.
stay save and have fun.
- xrp is in a giant wedge and support line has been tested for quite some time
- retracement fib level of 0.618 may be broken in a attempt to test the bottom of the wedge pattern
- there is a supply zone sitting in between 0.618 and 0.786 retracement fib levels.
- a wedge has formed on the hourly time frame too which is not showing bullish volume or rsi to support a move to the upside.
- I expect xrpusdt to test 0.77 for these reasons.
- finally fud about crypto has not cleared up yet so you can see where i im going with.
stay save and have fun.
Note
Whatsmore is that the Dollar index looks stronger and the head and shoulders it was forming has been invalidated
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.