YEHOK

YEHOK Updated 

XRP has been trading sideways in a descending channel. The 0.618 Fib level has been tested a second time with a breakout target nearing the 200 EMA on the 4H timeframe at $0.27.

YEHOK

If we look at everything with the alt coins currently it doesn’t seem to be pretty. We saw back in the December 2018 lows that miners lost faith and began to shut their rigs down. This is happening with litecoin now after experiencing more than a 50% loss during what was expected to be a sustained bull run. This wouldn’t be the first time a major drop has happened...

YEHOK

Bitcoin was rejected from 11k and began to consolidate downward. After a major move to the upside one would consider a “bullish” scenario to follow, however lower levels are being called for by the majority. Although that may turn out to be true in the mid to long term, as of the shorter time frame we see the 10k level defended. This should not have been too...