XRP 30 Minute long then real pain down
None of this is financial advice. Do your own research. Speculation only.
XRP is forming a flat, could see it retrace back to 1.25-1.30 area before it goes on a very impulsive C wave down to high 80s. Charting us now being in a B wave up, w/a complex and perhaps deep 4th wave, then the 5th wave will pump fake people long and grab short liquidity. Most will think the top of the 3rd is the end of the C wave or of some 1:1 flat and go short on the 4th wave, only to get liquidated by the 5th. Then XRP will keep on giving the best way it knows how; trapping bulls thinking its a break out but C wave tops off 90% or of previous high or the 1:1 in the green box, and it will come crashing down hard on them liquidating them as well.
XRP is forming a flat, could see it retrace back to 1.25-1.30 area before it goes on a very impulsive C wave down to high 80s. Charting us now being in a B wave up, w/a complex and perhaps deep 4th wave, then the 5th wave will pump fake people long and grab short liquidity. Most will think the top of the 3rd is the end of the C wave or of some 1:1 flat and go short on the 4th wave, only to get liquidated by the 5th. Then XRP will keep on giving the best way it knows how; trapping bulls thinking its a break out but C wave tops off 90% or of previous high or the 1:1 in the green box, and it will come crashing down hard on them liquidating them as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.