XRP/BTC Yet another daily update
Updated
Hi all,
This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to be.
In the meantime, short if you want extra bucks or hodl if you don't mind the petty movement of couple of cents when your boy XRP is gonna be $5000 a piece (tribute to the moonboys).
Previous idea:
This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to be.
In the meantime, short if you want extra bucks or hodl if you don't mind the petty movement of couple of cents when your boy XRP is gonna be $5000 a piece (tribute to the moonboys).
Previous idea:
Comment
Well, damn, we missed a hidden bearish divergence going against the top resistance of a channel - very secure sell/short pointComment
Comment
We should really pay more attention to the divergences.
Here we are observing a hidden bullish divergence on the 4h chart - longer term.
Hidden Bullish:
Price: Higher Low
RSI: Lower Low
Trade active
Breakout from descending trend line. Go long and watch btc movement for more insight into xrp possible direction.Related publications
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