XRP SHort
XRP Just broke down out of it's range.
On the daily's it formed a huge bear flag, which has just broken down from the 50 fib.
It's posted a bearish engulfing, which could create the new supply zone in control.
On the 4H it's Begun to retrace, Indicators are oversold suggesting we may get some repreive here.
The decisive downaward movement has me beleiving there's further downside to come, but a retrace to the newly created zones
seems possible if not logical to me, lining up with the 50 and 61.8 of the 4H SH-SL Push.
On the daily's it formed a huge bear flag, which has just broken down from the 50 fib.
It's posted a bearish engulfing, which could create the new supply zone in control.
On the 4H it's Begun to retrace, Indicators are oversold suggesting we may get some repreive here.
The decisive downaward movement has me beleiving there's further downside to come, but a retrace to the newly created zones
seems possible if not logical to me, lining up with the 50 and 61.8 of the 4H SH-SL Push.
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