$XRP Eyeing the bounce...
Keeping an eye on XRPs correction after such a massive climb. We look to be bouncing around in a falling wedge (in orange) that's sitting within a larger, 3-week channel (in green). The tip of the falling wedge intersects with our previous rising wedge support (in blue), our channel support and .236 fib. Also of note, the 1/2/3/4h RSIs are all oversold.
Looking for a strong bounce and confirmation around those levels before jumping back in. If that doesn't hold with the low volume we might have through the holiday weekend, we'll be looking at previous supports/resistance/fibs to catch our fall to begin the new year. Overall, 2018 looks to be another great year for crypto and XRP.
Looking for a strong bounce and confirmation around those levels before jumping back in. If that doesn't hold with the low volume we might have through the holiday weekend, we'll be looking at previous supports/resistance/fibs to catch our fall to begin the new year. Overall, 2018 looks to be another great year for crypto and XRP.
Catatan
Zooming in on our wedge...Trade aktif
Got a nice little breakout about 3/4s of the way down through our wedge.Catatan
So far so good, our confirmation for entry was solid. About to retest ATH on trex. Already there on several exchanges.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.