XRP local bottom or lower we go?

2018年12月4日

• XRP seems to have formed a local bottom near $0.33 but volume has been missing since the initial drop
  
• Buyers did not step in as much as I'm sure most would have liked but we have been able to maintain the current support OB
  
• EMAs remain down-trending and price is currently finding resistance at the 13EMA
  
• A strong move above could see a retest of the supply zone above and eventually a retest of local highs
  
• If we fail here, the odds of a swing lower to take the liquidity below the white line is very likely and possibly new lows before moving up
  
• Again, most of the movement will be hinged to what BTC does so keeping a close eye on that if you're looking to enter a trade on XRP is warranted
  

Thanks guys!

2018年12月5日

ノート

As we can see, we have so far had perfect follow-through on the potential downward candles yesterday. We have broken below the support OB so lower is likely right now