Lots of signs of a coming reversal for XRP, but it might be probable to think there would be one more sell off before price really starts to turn. I personally think we will see XRP at .70 cents, but I'm not risking a buy in here as there are no clear signs of a 'bottom' yet and still see that bearish divergence playing out some more. I am waiting for regular bullish divergence on the daily time frame to hop in for a long position. And a drop to .27 cents would likely print this bullish divergence. We already have hidden bullish divergence printing, but a drop would invalidate it and then hopefully give us regular bullish divergence for a 5 wave completion and then an ABC or WXY out of there for a bullish reversal. Volume agrees with this as sellers are losing interest in selling anymore - this is a big key indicator for me to notice bearishness dying off, as a reversal will happen soon as people accumulate. Now we wait for buyers to get that price they want to engulf remaining supply and start an uptrend. We have retraced quite a bit already, so it's not a bad idea to cost average buys in - you can't get the bottom perfect every time.
Let me know why I am wrong, I would like to hear your guy's thoughts as that will help me look at it differently. Consider giving me a follow! Send me a chart request to do.
Stay safe out there, wait for low risk / high reward entries. I am not a financial adviser, I post this for personal use and don't recommend anyone use me as a buy or sell signal.
Let me know why I am wrong, I would like to hear your guy's thoughts as that will help me look at it differently. Consider giving me a follow! Send me a chart request to do.
Stay safe out there, wait for low risk / high reward entries. I am not a financial adviser, I post this for personal use and don't recommend anyone use me as a buy or sell signal.