XRP Feeling Bearish
Interestingly enough XRP is one of the few alt coins that hasn't broke down like many other coins. We've gone into a sideways symmetrical triangle. A symmetrical triangle can go either way but I'm looking for it to go down.
But of course be aware of both the bullish and bearish scenario as symmetrical triangles can go either way. My bias is towards the downside for now.
You can use the ema's as targets or the .236 Fibonacci for the short term at least.
But of course be aware of both the bullish and bearish scenario as symmetrical triangles can go either way. My bias is towards the downside for now.
You can use the ema's as targets or the .236 Fibonacci for the short term at least.
Trade closed: target reached
5.44% profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.