Simple pattern repetition here, but as you can see, after each major move to the upside there is a prolonged period of downside. I can't ignore it and feel in the current climate (COVID) 'fundamentally' there is little to send us higher - maybe FOMO will kick in, but i fail to believe retail investors will risk precious cash and throw it in to XRP. Banks aren't investing, hedge funds.....nah.....so where does the capital come from to take XRP back to 17' levels? Regulation is still what seems a million miles away, utility is dragging it's heels, i can't find any good reason to go long at this point.
Opened Sell .3160
Target .2650
See where we go from there.
Opened Sell .3160
Target .2650
See where we go from there.
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Thank you for being part of this great community!
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.