XRP: DO or DIE
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Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE!
Check current bearish BTC setup down below.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE!
Check current bearish BTC setup down below.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Nota
So Ripple broke up the major downtrendline (red) with a vengeance and held the gains. Price got supported by the local uptrendline (dotted yellow). Looks bullish to me. Bears need to defend the swing high otherwise next push up expected.Nota
Check the recent trade setup down below:
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