XRP boring. New move in sight?
Updated
Since a while XRP didn't make any major move. Just that boring kind of downtrend from 2750.
Once we'll get out of this triangle we'll have a better idea about what to do. II was stretching it trying to find a more accurate way to see what XRP is gonna do.
In my opinion the worst that it could do (good news for shorters) it's to go down to 2300 - 2200.
The best would be to reverse and go up to 3000 at least. Then the FOMO can make it higher.
But again, the BTC moves, the FOMO on LTC a day ago and other reasons, may interfere with the XRP direction.
Personally I am thinking we still should see some high price again, but who knows.
I wish I knew.
This is just an idea, so is up to you and your TA in order to decide of your own moves.
And especially, do NOT forget to set a stop loss. Even if it would go up as I am thinking, a brusque fall can put you in front of a margin call. Trade responsibly!
Have fun and good luck everyone!
Once we'll get out of this triangle we'll have a better idea about what to do. II was stretching it trying to find a more accurate way to see what XRP is gonna do.
In my opinion the worst that it could do (good news for shorters) it's to go down to 2300 - 2200.
The best would be to reverse and go up to 3000 at least. Then the FOMO can make it higher.
But again, the BTC moves, the FOMO on LTC a day ago and other reasons, may interfere with the XRP direction.
Personally I am thinking we still should see some high price again, but who knows.
I wish I knew.
This is just an idea, so is up to you and your TA in order to decide of your own moves.
And especially, do NOT forget to set a stop loss. Even if it would go up as I am thinking, a brusque fall can put you in front of a margin call. Trade responsibly!
Have fun and good luck everyone!
Note
We did move a bit up. Still to define if we go up to 3000ish or we go back.
Note
There was a big retracement but in my opinion we may stay in the green triangle for a bit. BTC got up to $1373 and the majority of alts moved on their way down.Waiting now for a consolidation.
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