Technical analysis (1D):
- 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.
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