𝕄𝕒𝕣𝕜𝕖𝕥 ℝ𝕖𝕡𝕠𝕣𝕥: 𝐑𝐈𝐏𝐏𝐋𝐄 (𝐗𝐑𝐏) 𝐈𝐍 𝐃𝐎𝐖𝐍𝐓𝐑𝐄𝐍𝐃 📉

[niopomilia]

Technical analysis (1D):

• Red candle forming, breaking through into the red channel on fib retracement.
• Sell order volume increasing.
• MACD showing consistent downtrend.
• RSI kinda low, but will correct itself. It looks fine and confirms a potential downtrend.

Fundamental analysis:

• XRP dropped below $0.75, which may spark an interest in investors to buy.
• A lot of hate for XRP and its centralized vision for crypto; possibly responsible for a lot of sells.

Actions to take (SELL):

• Wait until red candle breaks through into the red channel on fib retracement.
• For conservative traders: wait until top of red channel, on fib retracement, acts as resistance, reflecting price downward.

— Nio Pomilia

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All of my market reports, and predictions, are based on prior knowledge of—and sufficient experience with—technical and fundamental analysis, critical thinking, and logic.

Disclaimer: I am not a financial advisor; this is not financial advice. Any losses of yours, I am not reponsible or liable for. I am not recommending that you execute any of the trades or investments that I personally make, neither the ones mentioned of, in my market reports.

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Comments

[niopomilia]

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[stevenpomilia]

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[drotto]

This post has received a 0.14 % upvote from @drotto thanks to: @niopomilia.

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