XRPUSD long term play
This weeks candle hat taken out both the high and the low of the previous week. That is usually one of my early warning signals for a potential reversal.
A move from here to $0.30 would be a healthy correction and could happen very quickly. It would fill the inefficiencies and take out the stops of anyone who has been trailing their stops.
Overall I’m bullish XRP but a correction right now would mean price will shoot even higher than I expected on the next pump. There is a lot of greed and euphoria in the market right now but I don’t care about that. Price has been moving around areas I’ve marked out this whole year. My calls are playing out to near perfect, with that in mind I see a correction coming soon.
If price gives me another opportunity at $0.60 I’m taking the short.
Let’s see what happens.
A move from here to $0.30 would be a healthy correction and could happen very quickly. It would fill the inefficiencies and take out the stops of anyone who has been trailing their stops.
Overall I’m bullish XRP but a correction right now would mean price will shoot even higher than I expected on the next pump. There is a lot of greed and euphoria in the market right now but I don’t care about that. Price has been moving around areas I’ve marked out this whole year. My calls are playing out to near perfect, with that in mind I see a correction coming soon.
If price gives me another opportunity at $0.60 I’m taking the short.
Let’s see what happens.
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