Expanding on my last ideas this was healthy to continue the bull run. We still have a hellova long way to go to new highs but that i will leave for another day on where my price targets are. Nevertheless, if you look at RSI we leveling out from a overbought state and hitting very close to our 618 mark on our fibs so we have a high probability that we will start seeing a move back up in the coming days.
Looking at the graphs you can see the verticle line drawn to show the potential target should we move back into an overbought state before coming down once again. Further to that we would be very close to a psychological resistance of the $1 mark which would probably allow the RSI to calm down a little at that point which will see the market move a little sideways. Having said that, this is crypto so we might just blow right past it and not worry if we in a completely overbought state.
In my positions, i am looking at XRP as an investment so i dont really care much about the movements in the short term, i am just giving updates for those that are following.
Looking at the graphs you can see the verticle line drawn to show the potential target should we move back into an overbought state before coming down once again. Further to that we would be very close to a psychological resistance of the $1 mark which would probably allow the RSI to calm down a little at that point which will see the market move a little sideways. Having said that, this is crypto so we might just blow right past it and not worry if we in a completely overbought state.
In my positions, i am looking at XRP as an investment so i dont really care much about the movements in the short term, i am just giving updates for those that are following.