I haven't adjusted a damn thing on this analysis outside of letting it play out for a day.
Technically, the analysis is sound. XRP is acting exactly as expected.
But damn is it boring to watch in contrast to the rest of the market.
The candle at the culmination of the pennant was bullish as expected... Just the volume was a dud.
Like lighting a bottle rocket that was dipped in water. Sure, the wick lit and burned...the bottle rocket might have even traveled a foot or two...but then it just stopped.
Agonizing.
Nevertheless, I think this is because the enthusiasm of the American market is unrealized due to exchange delistings and trading suspensions.
Future? A slow climb in conjunction with the bull market. Until Ripple settles with the SEC, or receives a verdict. Then, meantime.
Happy trading my friends.
NOT FINANCIAL ADVICE.
Technically, the analysis is sound. XRP is acting exactly as expected.
But damn is it boring to watch in contrast to the rest of the market.
The candle at the culmination of the pennant was bullish as expected... Just the volume was a dud.
Like lighting a bottle rocket that was dipped in water. Sure, the wick lit and burned...the bottle rocket might have even traveled a foot or two...but then it just stopped.
Agonizing.
Nevertheless, I think this is because the enthusiasm of the American market is unrealized due to exchange delistings and trading suspensions.
Future? A slow climb in conjunction with the bull market. Until Ripple settles with the SEC, or receives a verdict. Then, meantime.
Happy trading my friends.
NOT FINANCIAL ADVICE.
