XRP's bull/bear transition Pt. 36
Updated
Patience is necessary.
I personally believe we'll see about 8 more months of sideways motion.
There are some very compelling charts on TradingView indicating that moon is right around the corner, however a lot of these are based on the assumption that there is a mirror image between the (so far unproven) resistance of previous bullish moves and support; however I believe this is wishful thinking.
Taking a look at previous price action, I tend to believe we have until early to mid 2020.
I personally believe we'll see about 8 more months of sideways motion.
There are some very compelling charts on TradingView indicating that moon is right around the corner, however a lot of these are based on the assumption that there is a mirror image between the (so far unproven) resistance of previous bullish moves and support; however I believe this is wishful thinking.
Taking a look at previous price action, I tend to believe we have until early to mid 2020.
Note
To be clear, I'm not bearish. I believe we'll see a longer sideways market than initially thought.I'm long term very bullish. If I wasn't holding XRP right now, here's where I'd look to buy in.
Note
IMO when we push out of this, we'll see a good bit of volume come in. Likely that we'll break bullish I think.
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