Hello dear XRP traders/HODLers/friends, hope you're doing well! ;)
XRP rejected quite hard at the 30 psychological, but mostly due to BTC's ugly Daily wick. Since we have two huge Daily bullish candles, we now have a great tightening potential with XRP, which will give further information on the direction of the break. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
XRP rejected quite hard at the 30 psychological, but mostly due to BTC's ugly Daily wick. Since we have two huge Daily bullish candles, we now have a great tightening potential with XRP, which will give further information on the direction of the break. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Commentaire:
XRP/BTC perfect Falling Wedge
Essentially what we're looking at is the tightening range guys that we have now since the bullish break. BTC's break will give the further direction.
=> I was also giving some personal notes on how to stay realistic, read the chart step by step, instead of giving into some pipe dreams of $500, just because we moved 20% Cent. We're at least 10 steps away from 50 cents, 100 steps away from 1 Dollar, maybe 1,000 steps away from 3 Dollars, and yes, 100 or 500 will never happen. You better learn how to read the chart & manage your money properly. Edgy is there for you! ;)