XRP/USD Possible Price Movement in trend reversal
Good morning everyone,
I am bringing you what I believe the trend reversal for XRP would look like given the ripe conditions. Obviously, we have been in a massive downtrend for a very long time, indicators pointing blood in the streets, uncertainty of BTC future price (people calling for <5k but there is recent temporary hope of going up), Mac Miller passing away and Sean Paul marrying a man.
Nevertheless, there is a very subtle hint at trend reversal across BTC and respectively some of the alts given most of them took a Tyson punch and hit very low levels.
At the XRP/USD we need to be looking at a HL soon so that we have something positive to trade long against. On the chart, I have taken out indicators and just looking at horizontal resistance zones - RED and descending current trendlines - BLUE. The arrows represent expected move up in a trend reversal from bearish to bullish in the short-term. You all know that once the Ripple SpaceX launches, it goes vertical, anti-gravity phenomenon but until then it would test new HL supports and make new HH.
Thanks for reading!
I am bringing you what I believe the trend reversal for XRP would look like given the ripe conditions. Obviously, we have been in a massive downtrend for a very long time, indicators pointing blood in the streets, uncertainty of BTC future price (people calling for <5k but there is recent temporary hope of going up), Mac Miller passing away and Sean Paul marrying a man.
Nevertheless, there is a very subtle hint at trend reversal across BTC and respectively some of the alts given most of them took a Tyson punch and hit very low levels.
At the XRP/USD we need to be looking at a HL soon so that we have something positive to trade long against. On the chart, I have taken out indicators and just looking at horizontal resistance zones - RED and descending current trendlines - BLUE. The arrows represent expected move up in a trend reversal from bearish to bullish in the short-term. You all know that once the Ripple SpaceX launches, it goes vertical, anti-gravity phenomenon but until then it would test new HL supports and make new HH.
Thanks for reading!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.