XRPUSD. Looks like the end of the growing trend. Sell.
Ripple has been in the spotlight for weeks.
First, 3 amazing takeoffs. Then the collapse for the half of the price ...
As a result, on the weekly and daily charts, we see the breakdown of the growing trend.
Now the rate hooked on the slow moving average on the daily chart.
However, the fact that it was not been able to bounce off it for three days by the day's closing price, is a very alarming signal for holders of this cryptocurrency.
We also see that the volumes of each next wave of growth,starting from the takeoff to $ 1, are decreasing in sizes ...
This is also a strong bearish signal.
Of course, apparently, for some time the rate will stay in the range of $ 1.5 - $ 2.5
We recommend using every rise from $ 2 for sales and closing long positions
The market will benefit from a deep correction and it is better to face it without holding a position.
First, 3 amazing takeoffs. Then the collapse for the half of the price ...
As a result, on the weekly and daily charts, we see the breakdown of the growing trend.
Now the rate hooked on the slow moving average on the daily chart.
However, the fact that it was not been able to bounce off it for three days by the day's closing price, is a very alarming signal for holders of this cryptocurrency.
We also see that the volumes of each next wave of growth,starting from the takeoff to $ 1, are decreasing in sizes ...
This is also a strong bearish signal.
Of course, apparently, for some time the rate will stay in the range of $ 1.5 - $ 2.5
We recommend using every rise from $ 2 for sales and closing long positions
The market will benefit from a deep correction and it is better to face it without holding a position.
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