Since a while XRP didn't make any major move. Just that boring kind of downtrend from 2750.
Once we'll get out of this triangle we'll have a better idea about what to do. II was stretching it trying to find a more accurate way to see what XRP is gonna do.
In my opinion the worst that it could do (good news for shorters) it's to go down to 2300 - 2200.
The best would be to reverse and go up to 3000 at least. Then the FOMO can make it higher.
But again, the BTC moves, the FOMO on LTC a day ago and other reasons, may interfere with the XRP direction.
Personally I am thinking we still should see some high price again, but who knows.
I wish I knew.
This is just an idea, so is up to you and your TA in order to decide of your own moves.
And especially, do NOT forget to set a stop loss. Even if it would go up as I am thinking, a brusque fall can put you in front of a margin call. Trade responsibly!
Have fun and good luck everyone!
Once we'll get out of this triangle we'll have a better idea about what to do. II was stretching it trying to find a more accurate way to see what XRP is gonna do.
In my opinion the worst that it could do (good news for shorters) it's to go down to 2300 - 2200.
The best would be to reverse and go up to 3000 at least. Then the FOMO can make it higher.
But again, the BTC moves, the FOMO on LTC a day ago and other reasons, may interfere with the XRP direction.
Personally I am thinking we still should see some high price again, but who knows.
I wish I knew.
This is just an idea, so is up to you and your TA in order to decide of your own moves.
And especially, do NOT forget to set a stop loss. Even if it would go up as I am thinking, a brusque fall can put you in front of a margin call. Trade responsibly!
Have fun and good luck everyone!
Note
We did move a bit up. Still to define if we go up to 3000ish or we go back.
Note
There was a big retracement but in my opinion we may stay in the green triangle for a bit. BTC got up to $1373 and the majority of alts moved on their way down.Waiting now for a consolidation.
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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.