I have been looking at everyones idea's and overall everyone is pretty bullish. I am not a bear, but my eyes must be cross-eyed because I just don't see 'Bullish'.
I have shown you the Weekly Time Frame, because I think this really gives a good view of where I think XRP is at -
If you are looking at the daily, zoom out to the weekly/monthly, it gives a different picture. All in all I think XRP is overheated. I will be looking at the previous all-time high as a point of support if it loses than I will be looking for prices at around $1.41. And to be fair, this makes sense to me. If XRP is to achieve the massive prices everyone's predicting, it's probably going to go sideways for a bit to catch its breath before its next leg-up.
Lets not forget that XRP giveth and also dumpeth.
Someone please let me know I am not the only one thinking this!
I have shown you the Weekly Time Frame, because I think this really gives a good view of where I think XRP is at -
- The RSI is massively oversold, in-fact its the highest it's ever been since 2018 (can't look back any further on the chart I am using).
- The weekly candle closes in a few days, but it is looking awfully like a swing failure pattern. Which would be very bearish for me.
If you are looking at the daily, zoom out to the weekly/monthly, it gives a different picture. All in all I think XRP is overheated. I will be looking at the previous all-time high as a point of support if it loses than I will be looking for prices at around $1.41. And to be fair, this makes sense to me. If XRP is to achieve the massive prices everyone's predicting, it's probably going to go sideways for a bit to catch its breath before its next leg-up.
Lets not forget that XRP giveth and also dumpeth.
Someone please let me know I am not the only one thinking this!
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.