XRP / BitcoinUpdated XRPBTC - 1D - Wedge retest?
NOT A FINANCIAL ADVISOR!!!
XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!
RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.
Gonna sell my flat! ;)
XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!
RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.
Gonna sell my flat! ;)
Note
Upper trendline from the wedge retest!Note
We did get a bounce from that retest...what now?We can see that XRP is having some resistance at the 0.618 level && some horizontal resistances from August-September 2020.
I would expect some double bottom formation ... probably another retest of the wedge before mooning!
I suppose that XRP will simply take longer to moon. Patience! ahah
Note
Well...if it does not hold here...Huge drop might be a possibility:
Note
Prepare your stops! And remember this is against BTC.
Against USDT might as well be impacted therefore prepare your Stops.
Note
Drop confirmed!Only reversal possibility is that the RSI support holds otherwise expect a retest of the bottom of the wedge!
If the bottom of the wedge is retested then => new lower low!!!!
Note
SEC's lawsuit made XRPBTC reach last support before huge drop:- Not sure what to expect in terms of TA Targets as this is a fundamental event!
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