What we have here is XRP having formed what I call a, "Wooly Mammoth" formation.
First you have the hump of its head, then the waterfall drop forming its trunk. Then it's tusk appears...and then....it pukes down to the lowest wick. Just my silly theory here, but I have seen this play out so many times. So... I say this is a "Wooly Mammoth". Not financial advice...just FYFE (For Your Financial Entertainment). Best wishes.
First you have the hump of its head, then the waterfall drop forming its trunk. Then it's tusk appears...and then....it pukes down to the lowest wick. Just my silly theory here, but I have seen this play out so many times. So... I say this is a "Wooly Mammoth". Not financial advice...just FYFE (For Your Financial Entertainment). Best wishes.
Order cancelled
This idea is invalid if it bounces of that down trend line... and it's looking like it is just starting too..Note
This is looking more like a fake out, so currently just watching the situation.Trade active
Yup...that was a fake out... and the price action dumped again too. If zoom in, you'll see the same pattern (wooly mammoth) at the 1 minute or 15 min view, as the bigger drop from a few days ago at the 4 hour view.Note
I know...I know...I know...what you're all thinking...."look at today's rally"...make no mistake...today's little NVDA driven "baby bump" will be short lived...This Friday thee 25th when our good pal, "Jerome Powell" opens his big mouth...the markets are going to TANK like tenor.com/view/fat-girl-swimming-tsunami-spring-tide-flood-gif-25206256
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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.