PLEASE CLICK THE LIKE! But, only if you like it! I think the most likes I've ever had is 20... let's see if we can get that higher?
As I mentioned before, and for whatever reason, I believe that XRP price is patterning off of the 7 MA! This can be cross-checked on multiple time frames, including this 4 Hour chart!
I have placed some labels on this chart, in order to identify some of my thoughts regarding price movement. I've labelled a couple of options on how price "may" find it's way out of this bearish trend, and
I've included a potential bearish path, which leads price much lower... I've seen over the years a couple of different ways that price could move lower, so the option I've included is just that, (1) option!
Bottom line: price really needs to find it's way out of this descending channel, period!
Hope this helps!
Cheers!
As I mentioned before, and for whatever reason, I believe that XRP price is patterning off of the 7 MA! This can be cross-checked on multiple time frames, including this 4 Hour chart!
I have placed some labels on this chart, in order to identify some of my thoughts regarding price movement. I've labelled a couple of options on how price "may" find it's way out of this bearish trend, and
I've included a potential bearish path, which leads price much lower... I've seen over the years a couple of different ways that price could move lower, so the option I've included is just that, (1) option!
Bottom line: price really needs to find it's way out of this descending channel, period!
Hope this helps!
Cheers!