XRP falling below $3 bucks again?????
Giving this another go. I have no idea what the heck is going on with XRP and why the price drop but there is a possibility to buy more XRP below $3.
- I see a descending triangle formation, which can signal a continuation downtrend.
- I established a support line with at around 3 bucks.
- If XRP falls to this support, we could look for a bounce back or further breakdown.
- I would think if it starts to fall below $3, we might get a sell off from folks that bought a little above $3 bucks recently.
- I have the resistance levels at 3.20 to 3.22. A break out above 3.22 could trigger an uptrend. Hopefully.
Let me know what yall think. Still fairly new to TA! 😁
- I see a descending triangle formation, which can signal a continuation downtrend.
- I established a support line with at around 3 bucks.
- If XRP falls to this support, we could look for a bounce back or further breakdown.
- I would think if it starts to fall below $3, we might get a sell off from folks that bought a little above $3 bucks recently.
- I have the resistance levels at 3.20 to 3.22. A break out above 3.22 could trigger an uptrend. Hopefully.
Let me know what yall think. Still fairly new to TA! 😁
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Publications connexes
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.