XRP Potential Bail-Off Point
Just a quick update since I have not gone into depth about XRP in a long time...
When we finish sticking to the Dark Green 1.618 line, it's gonna bail off to the down side. There's nothing above it to hold the current mini-run. Stochastic is overbought, and the fast line is poised and ready to overtake the slow line.
If the price doesn't continue to stick to the 1.618 and crawl all the way back up into Quadrant 1 of that circle, it's "LOOK OUT BELOW!" time. There's not much underneath us to catch a fall. The 2.618 line is far enough beneath the current price line that it could drop to less than a dime before it catches the slide.
Not trading advice. Just entertainment. And I am looking for some fabulous opportunities to buy cheap XRP with my aluminum can money I just made at the grocery store.
Carlton Flowers
The CryptoPro
PS: XRP full commentary and video coming soon! Be safe
When we finish sticking to the Dark Green 1.618 line, it's gonna bail off to the down side. There's nothing above it to hold the current mini-run. Stochastic is overbought, and the fast line is poised and ready to overtake the slow line.
If the price doesn't continue to stick to the 1.618 and crawl all the way back up into Quadrant 1 of that circle, it's "LOOK OUT BELOW!" time. There's not much underneath us to catch a fall. The 2.618 line is far enough beneath the current price line that it could drop to less than a dime before it catches the slide.
Not trading advice. Just entertainment. And I am looking for some fabulous opportunities to buy cheap XRP with my aluminum can money I just made at the grocery store.
Carlton Flowers
The CryptoPro
PS: XRP full commentary and video coming soon! Be safe
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