A short term XRP play
Updated
XRP is still holding very strong due to BTC's strength. Overall, I find XRP to be very weak, however, if BTC can continue its run we might be able to see a continuation in the bull channel (Green channel). If we fail to make higher highs, especially in BTC , then we will most likely follow the bearish channel (Red channel) for more consolidation. I currently do not see lower lows as of right now due to the EMA's holding very well and that we have yet to make a lower low in BTC . I've decided to leave the indicators off because we are still in price discovery mode and would only add too more noise.
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Apologies if my timeline was a bit off. My target is still the same and is expecting price to be at $.62 where we have the top of the bull channel. Will continue to update once target has been reached.Trade active
How unfortunate that Brad Garlinghouse tweeted... Buying more down here would be a great opportunity as BTC pumps.
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