MACD going down on the 3h chart, RSI going down and price action also but the volume on coin market cap looks to stabilize at around 7,X00,000,000.
I think it might be a sign that it still has a bit of room to go down, but should be heading back up after, to start the B leg of the ABC.
BUT I MIGHT BE WRONG!
DO YOUR OWN THING!
Thanks,
JMNKLS
What's up guys,
It's been a crazy few days for XRP's bulls.
After this retracement that just happened this is how I see it. We are currently in the third (3rd) wave up of the Elliot Wave Theory so we should be going up a bit before coming back down and up again.
P.S.: I'm just a noob so take what I say with a grain of salt as this is not an investment advice,...
I believe we are in a same pattern as we were in March 5-8 on the 4H Chart. Meaning two big drops, followed by some sideway action(bear flag) followed by another big drop.
We just had two big drops, we are now going through some sideway trading which leads me to believe the drop is next.
P.S. I'm just a noob.
This is not an investment advice, just my...
