Hello everyone,
Unfortunately, we haven't seen a breakout of the trend line, what next?
There are several scenarios. I personally took a position at $ 0.69 on a LONG with a stop loss below the local low. I'm counting on another breakthrough attempt.
The main resistances are marked with a dashed green line. The close of the candle below the red line (resistance) will mark a descent to the last key position for XRP $ 0.55.
This week you can see large VOLUMES, which positively indicates a rebound in the price.
We also have divergences on the RSI. Increasingly higher, lows on the chart and decreasing ones on the indicator indicate a bearish.
Higher lows and vice versa on the RSI speak of a bullish move. So we have an unclear situation.
One thing is that we stopped at substantial support. Breaking it will create a medium-term doubletop, and then only a continuation of declines.
From the fresh news regarding the SEC vs XRP case.
Ripple took another victory over the Securities Commission.
The judge rejected another SEC request that was intentionally delaying the end of the case.
As a result, the re-introduction of XRP to the market may be faster than expected.
Comment and like,
Regards
Unfortunately, we haven't seen a breakout of the trend line, what next?
There are several scenarios. I personally took a position at $ 0.69 on a LONG with a stop loss below the local low. I'm counting on another breakthrough attempt.
The main resistances are marked with a dashed green line. The close of the candle below the red line (resistance) will mark a descent to the last key position for XRP $ 0.55.
This week you can see large VOLUMES, which positively indicates a rebound in the price.
We also have divergences on the RSI. Increasingly higher, lows on the chart and decreasing ones on the indicator indicate a bearish.
Higher lows and vice versa on the RSI speak of a bullish move. So we have an unclear situation.
One thing is that we stopped at substantial support. Breaking it will create a medium-term doubletop, and then only a continuation of declines.
From the fresh news regarding the SEC vs XRP case.
Ripple took another victory over the Securities Commission.
The judge rejected another SEC request that was intentionally delaying the end of the case.
As a result, the re-introduction of XRP to the market may be faster than expected.
Comment and like,
Regards