So this is the reason why XRP took a little break before continuing its parabolic move up, it touched the upper resistance of the descending channel, as easy as that.
Once it clears its way ... buckle up !
I do not want to speak of price targets, so I'll just place a simple fractal and believe in it if you want to. :)
GL and gratz on everyone who hoarded XRP !
<3 !
Note
closer lookNote
Patiene everyone, strong hands, just typical distribution at this range! Zoom out and see the big picture to stay calm. :DNote
* Hammer on the daily that almost touched 50d MA
* 0.618 also holding the candle body
* RSI on the daily touched what I think it is a trendline
* Looks like we just did a "spring" event on a Wycoff distribution.
We're going up bois !
Note
Keep your eyes on the $$Hope you guys didnt sold !
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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.