Hello traders,
When i look at the daily which carry more weight and much more reliable than lower TF i don't think we are done with the selling pressure.
Since November high and this massive sell-off price kept making LH and LL, i know there is a lot of hype & excitement about XRP lately but to me it looks like the last pic we had around 0.37cents was just a LH and most of time we see LL right after.
Again unless we break that previous high or BTC decide otherwise because has everyone should know alts are followers not leaders i believe price will continue downward with potentially a retest of March 2019 low.
If so, price will need to stabilize and produce a setup, followed by a confirmation before we take on any new risk for a swing trade!
Thank you and take care!
When i look at the daily which carry more weight and much more reliable than lower TF i don't think we are done with the selling pressure.
Since November high and this massive sell-off price kept making LH and LL, i know there is a lot of hype & excitement about XRP lately but to me it looks like the last pic we had around 0.37cents was just a LH and most of time we see LL right after.
Again unless we break that previous high or BTC decide otherwise because has everyone should know alts are followers not leaders i believe price will continue downward with potentially a retest of March 2019 low.
If so, price will need to stabilize and produce a setup, followed by a confirmation before we take on any new risk for a swing trade!
Thank you and take care!
Penafian
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.
Penafian
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.