Hello traders,
When i look at the daily which carry more weight and much more reliable than lower TF i don't think we are done with the selling pressure.
Since November high and this massive sell-off price kept making LH and LL, i know there is a lot of hype & excitement about XRP lately but to me it looks like the last pic we had around 0.37cents was just a LH and most of time we see LL right after.
Again unless we break that previous high or BTC decide otherwise because has everyone should know alts are followers not leaders i believe price will continue downward with potentially a retest of March 2019 low.
If so, price will need to stabilize and produce a setup, followed by a confirmation before we take on any new risk for a swing trade!
Thank you and take care!
When i look at the daily which carry more weight and much more reliable than lower TF i don't think we are done with the selling pressure.
Since November high and this massive sell-off price kept making LH and LL, i know there is a lot of hype & excitement about XRP lately but to me it looks like the last pic we had around 0.37cents was just a LH and most of time we see LL right after.
Again unless we break that previous high or BTC decide otherwise because has everyone should know alts are followers not leaders i believe price will continue downward with potentially a retest of March 2019 low.
If so, price will need to stabilize and produce a setup, followed by a confirmation before we take on any new risk for a swing trade!
Thank you and take care!