Looking for a sell on XRP. Ideally would like to see a retest of .24 region, before a rally to break .76 and up to 1 - 1.07.
Note
We should see a correction forming now on the 1hr. A break of the low in the correction will confirm more downside. The alternative view, is we are seeing the first wave of a lager correction play out before a final push higher. I am leaning more towards downside from here.Note
just to add: we have seen large bullish volume on the breakout candle. The pullback looks more corrective then a new impulse to the downside, so the bullish case is valid. Although I am still leaning towards continued downside from here.Note
the bearish argument seems to be playing out. Look to complete this small correction and then down
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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.