LONG - XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal - peak volume shows end of short term price movement south (a few days ago) - Downtrend line broken with increasing BULL volume - Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup and handle
Add Qty on Retest of downtrend line approximately 0.000122
TP1 0.000143 at previous Swing High TP2 0.000159 at next swing high
Market is questionable- BTC looks to bounce off 10K and starting to form higher lows on the short time frame. Most Altcoins have been following BTC. If BTC starts moving north- short term gains on most coins.
No indicators included this time- back to basics Support/resistance and volume.
Cut Losses Quick- especially in a emotional and unstable market. Good Luck