is the valid still juan? didnt come down as sharp as expected?
Mastodonic_
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Too many emotional XRP fanboys here to see things objectively. Short-term, the next 4-6 days look fairly bearish for XRP.
MACD has formed a bearish cross over on the 2 and 4hrs charts.
RSI has dropped from overbought and is trending further down.
It's forming lower and lower highs, unable to break upper resistance.
Reduced overall volume and increased sell volume indicates market makers are exiting ready for a down leg after.
Support at 5500 which is the 4hr EMA. Hasnt been broken since the start of this uptrend
5100 where there's soft, rising support from the original breakout
and finally 4100 which is what CoinMajesty is calling and is the worse case scenario.
If anyone has some hard data and pointers to suggest otherwise, I'm all ears. Without huge news between now and NYE, it looks like a selloff is on the cards.
magic reply tyvm i thought the adam and eve setup followed a sharp drop, im in the short just waiting now @Mastodonic_,
joeysparkz
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It would be foolish to short this coin now!! Hold it and reap the profits later, it has way to much potential!
majorlee
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@joeysparkz, nothing is foolish when using TA/FA, foolish is just randomly saying stuff with no clear understanding of the market
Dorian942
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0/20 Idea, just look XRP calendar can't dump like that :
By 31 December : Based on Q3 report (Oct 19, 2017), Ripple may announce new xRapid partnerships