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XRP 30m Analysis 06/12
Analysis:
This is just a correction!!!
Don't sell XRP under $5.
Currently we can see that price has pulled back and has changed character into a temporary downtrend. I would assume this is due to people selling their XRP and securing profits due to lack of knowledge or confidence within XRP.
It appears internally to be creating LL and LH. The current swing high and low are indicating the potential next moves:
HH - If the next move is a HH we will be waiting for a HL confirmation before taking out $3+
LL - If the next move is a LL we will be looking for long positions within our Supply zone around the $2 area.
As always XRP is the best crypto available to invest in and whilst its as cheap as it is now it will not be this price forever.
To consider:
This is just a correction!!!
Don't sell XRP under $5.
Currently we can see that price has pulled back and has changed character into a temporary downtrend. I would assume this is due to people selling their XRP and securing profits due to lack of knowledge or confidence within XRP.
It appears internally to be creating LL and LH. The current swing high and low are indicating the potential next moves:
HH - If the next move is a HH we will be waiting for a HL confirmation before taking out $3+
LL - If the next move is a LL we will be looking for long positions within our Supply zone around the $2 area.
As always XRP is the best crypto available to invest in and whilst its as cheap as it is now it will not be this price forever.
To consider:
- Pullback
- FOMO
- News and Speculation
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