XRP two possible scenarios
I think there are 2 possible scenarios with XRP in the moment.
1. Scenario:
We could do a healthy and steady pullback to the bottom trendline and the 61.8% Fib retracement at around 0.193$.
After that we could consider that the next bullrun is around the corner.
2. Scenario:
Maybe we could do a pullback from now, to retest the 78%-88% Fib retracement + 786 EMA + the upper trendline, followed by a sharp drop to whipe out all FOMO buyers and start instant the new bullrun with as less of them as possible.
I think that Scenario 2 would be more likely and typical for the crypto market.
Lets see what happens now. :)
1. Scenario:
We could do a healthy and steady pullback to the bottom trendline and the 61.8% Fib retracement at around 0.193$.
After that we could consider that the next bullrun is around the corner.
2. Scenario:
Maybe we could do a pullback from now, to retest the 78%-88% Fib retracement + 786 EMA + the upper trendline, followed by a sharp drop to whipe out all FOMO buyers and start instant the new bullrun with as less of them as possible.
I think that Scenario 2 would be more likely and typical for the crypto market.
Lets see what happens now. :)
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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.