XRP/BTC Daily Bear Flag? -40% Drop more?

XRP/BTC Pair

Watch out for potential Daily Bear flag on this pair. XRP has been trading sideway on this range 0.000027 - 0.000024 which is not good if you are a Bull.
If we look at this history, we are currently at a low support zone meaning there is a high chance that we will not able to hold this area and Bears can send us lower to 0.000015 sats (-40% price drop).
We need to see a break of 0.000028 sats with bulls follow up and maintain above that level. Otherwise, it will only be a false break out.
To be honest, I'm not interested in trading this coin unless we see which direction he will follow.
I will update this thread when I see a good trading opportunity.

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評論:

Looks like XRP manage to break above 0.000028 sats, big bull volume and invalidating the Daily bear flag. We are currently above 70 on the RSI which means over bought condition, I prefer to enter a Long position on the 0.0000267 -0.0000271 sats if we can hold it and flip as support. Stop loss would be 0.0000242 sats. I always wait the trade to come to me :)