I was watching XRP closer the last few days. After what I am seeing here we are close to a more important move I think.
First I've seen the #1 triangle (blue) breaking down, but it didn't seem to follow lower. The FOMO and Hopium on XRP are still present.
The second triangle (red) could be correct, but if we break down again, we may see a stronger move.
Also, the MACD on the 4h chart seems to indicate that it will stay a bit more on the red triangle, but the 1D chart seems topped, so we may have some corrections coming or a more important drop.
The 1W chart looks optimistic though as well the monthly.
Whatever you do, don't forget to set your Stop Loss and don't let your feelings dictate your decisions.
And don't forget this is just an idea, not a prediction. So trade carefully.
Good luck everyone!
First I've seen the #1 triangle (blue) breaking down, but it didn't seem to follow lower. The FOMO and Hopium on XRP are still present.
The second triangle (red) could be correct, but if we break down again, we may see a stronger move.
Also, the MACD on the 4h chart seems to indicate that it will stay a bit more on the red triangle, but the 1D chart seems topped, so we may have some corrections coming or a more important drop.
The 1W chart looks optimistic though as well the monthly.
Whatever you do, don't forget to set your Stop Loss and don't let your feelings dictate your decisions.
And don't forget this is just an idea, not a prediction. So trade carefully.
Good luck everyone!
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I was few days off and at this point I need to start a new analysis.
Thank you
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