pedrogarrinhas

XRPBTC - 1D - Wedge retest?

pedrogarrinhas Zaktualizowano   
BINANCE:XRPBTC   XRP / Bitcoin
NOT A FINANCIAL ADVISOR!!!

XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!

RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.

Gonna sell my flat! ;)
Komentarz:
Upper trendline from the wedge retest!

Komentarz:
We did get a bounce from that retest...what now?

We can see that XRP is having some resistance at the 0.618 level && some horizontal resistances from August-September 2020.
I would expect some double bottom formation ... probably another retest of the wedge before mooning!
I suppose that XRP will simply take longer to moon. Patience! ahah

Komentarz:
Well...if it does not hold here...
Huge drop might be a possibility:


Komentarz:
Prepare your stops!
And remember this is against BTC.
Against USDT might as well be impacted therefore prepare your Stops.
Komentarz:
Drop confirmed!

Only reversal possibility is that the RSI support holds otherwise expect a retest of the bottom of the wedge!
If the bottom of the wedge is retested then => new lower low!!!!


Komentarz:
SEC's lawsuit made XRPBTC reach last support before huge drop:
- Not sure what to expect in terms of TA Targets as this is a fundamental event!



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