XXRP/USD (Bitfinex) 1Day Chart displaying the impulse wave from the previous bull run which precedes an ABC correction. We are currently at a support zone which is significant; a SL would be set below this line. It is likely the price could go past this point, hence the SL, however since we believe the correction to have completed-we expect to see price action trading above 27-28cents.
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Disclaimer
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.