Hi everyone,
Don't care what the media or social media says.
Charts tell everything.
Price in XRP & the other cryptos are oversold, now we might see a Death Cross happen with a pull back to the support zone.
That would create a W reversal or we might consolidate more.
Thing is that we saw way bigger pull backs in the past with either a quick recovery or a slower one - RSI still needs to break the trend line & MACD still needs to show a bullish cross.
Again to be seen but it looks way more bullish than bearish.
From it's previous lows XRP went up 1000% and now we have a correction of around 60%?
Numbers say it all.
Calculate your risk but this a golden opportunity.
Kind regards,
Noel
Don't care what the media or social media says.
Charts tell everything.
Price in XRP & the other cryptos are oversold, now we might see a Death Cross happen with a pull back to the support zone.
That would create a W reversal or we might consolidate more.
Thing is that we saw way bigger pull backs in the past with either a quick recovery or a slower one - RSI still needs to break the trend line & MACD still needs to show a bullish cross.
Again to be seen but it looks way more bullish than bearish.
From it's previous lows XRP went up 1000% and now we have a correction of around 60%?
Numbers say it all.
Calculate your risk but this a golden opportunity.
Kind regards,
Noel
