XRP seems to be following Wyckoff accumulation pattern vs BTC.
Would love to see spring down to 2300 sats where bounce would complete bullish Chuvashov fork and set it to leave accumulation range.
Would love to see spring down to 2300 sats where bounce would complete bullish Chuvashov fork and set it to leave accumulation range.
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So far so good. Wicked down into 2400-ish sats with substantial rejection pushing it back up, which tells us sellers getting weaker here. More downside is possible but unlikely (depends on how BTC behaves really).
Love that volume increase for last few months.
This chart really reminds me of AION vs BTC before it left accumulation range.
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in line with the plan. I'm somewhat amazed how well XRP held during today's washout in crypto. Just proves the theory we're running out of sellers soon ;)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.