Ripple (XRP) Looks like a topping pattern. Broke support.
XRP currently broke vital support.
Notice the high amounts of transactions occurring in that range. This means people will likely be desperate to get out of their long positions, especially since Binance has gotten in on the buying frenzy.
Therefore, you may short.
The only thing that can stop this is the Coinbase buying frenzy starting up again. Some XRP fans like to spread misinformation which can drive price up. I believe the worst is over for shorters. For now I expect a correction up before starting downtrend.
Thanks for viewing!
Notice the high amounts of transactions occurring in that range. This means people will likely be desperate to get out of their long positions, especially since Binance has gotten in on the buying frenzy.
Therefore, you may short.
The only thing that can stop this is the Coinbase buying frenzy starting up again. Some XRP fans like to spread misinformation which can drive price up. I believe the worst is over for shorters. For now I expect a correction up before starting downtrend.
Thanks for viewing!
Nota
Also forgot to mention this, but dump was caused by a 3000k XRP sell on Mex.Nota
Awesome. Good profit so far.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.