Some important points,
1. XRPUSD have completed Phase A and made higher high.
2. XRPUSD hit strong resistance around level 0.59.
3. XRPUSD should have formed an ST in Phase B as soon as it entered Phase B to complete the Wyckoff formation.
Be careful entering trades at this stage, wait until the 0.59 break.
Note: not financial advice.
1. XRPUSD have completed Phase A and made higher high.
2. XRPUSD hit strong resistance around level 0.59.
3. XRPUSD should have formed an ST in Phase B as soon as it entered Phase B to complete the Wyckoff formation.
Be careful entering trades at this stage, wait until the 0.59 break.
Note: not financial advice.
Comment:
XRPUSD encountered quite strong resistance once again. It would take a sizable buying volume to push up the price. Be careful to buy.
Comment:
One last rally is still possible to form a divergence, if the price fails to break then this pattern will be confirmed and XRPUSD enters phase B.
Comment:
Next XRP possible playout. Watch divergence to form first
Next XRP possible playout. Watch divergence to form first
Comment:
70%+ chance we are at the peak of Phase B. Be careful though.
Comment:
XRPUSD has been accelerating towards a bearish trend for the past few days.
Now, waiting for confirmation for about next 15 days untill all clear enough.
Now, waiting for confirmation for about next 15 days untill all clear enough.
Comment:
XRPUSD break below 0.4400 and bearish roller coaster will take the place.
I hope I'm wrong but this looks realistic.
I hope I'm wrong but this looks realistic.
Comment:
Strong bearish price action has developed previously and the trend has accelerated steadily to bearish for several days. We will most likely see the price test $0.48 or $0.50, before going completely bearish.
Comment:
XRPUSD Was strongly rejected by the $0.48 level twice, be prepared we will likely be fighting the storm soon.
Trade active:
Short XRPUSD at $0.48 SL 1%