XRP, Terminal move complete. New all time high?

What a mess Friday turned out to be with a recording breaking liquidation event with the numbers still growing - bigger than FTX!

SUNK COST FALLACY: THE DAMAGE IS DONE, DO NOT PANIC IN AND OUT OF POSITIONS.

So many alt-coins proved there is nothing but thin air holding them up - no real demand whatsoever! I'll take a look at some charts today. Now these wicks can be classed as 'anomalies' in technical analysis but in this case i think we've revealed some of the strong tokens now with real backing.

It is expected that with such large wicks we at least test the centre of the wick on one more terrifying shake-out that isnt actually as bad as the one we just has but feels it because traders and investors are been kicked while their down in a state of panic.

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XRP showed a lot of weakness on that dump hitting the High Volume Node target and macro 0.382 Fibonacci retracement at $1.5, a target i was laughed at for posting a couple of weeks ago! The more 'bullying' that takes place the more I assign probability of hitting that target. Sentiment wins.

Price left a long lower wick which is likely to be revisited as we are now in a bearish structure. The $2 High Volume Node is the likely target. Price is tough quadruple resistance - daily 200EMA, channel lower boundary, High Volume Node and S1 pivot. Lots of supply may come in here.

Wave 2 appears to be complete so once we have one more fearful move down we may accelerate to new all time highs.

RSI hit oversold but with no bullish divergence.

Safe trading