Red candle forming, breaking through into the red channel on fib retracement.
Sell order volume increasing.
MACD showing consistent downtrend.
RSI kinda low, but will correct itself. It looks fine and confirms a potential downtrend.
Fundamental analysis:
XRP dropped below $0.75, which may spark an interest in investors to buy.
A lot of hate for XRP and its centralized vision for crypto; possibly responsible for a lot of sells.
Actions to take (SELL):
Wait until red candle breaks through into the red channel on fib retracement.
For conservative traders: wait until top of red channel, on fib retracement, acts as resistance, reflecting price downward.
β Nio Pomilia
All of my market reports, and predictions, are based on prior knowledge ofβand sufficient experience withβtechnical and fundamental analysis, critical thinking, and logic.
Disclaimer: I am not a financial advisor; this is not financial advice. Any losses of yours, I am not reponsible or liable for. I am not recommending that you execute any of the trades or investments that I personally make, neither the ones mentioned of, in my market reports.
