XRPUSD - Technical Nightmare
Hey guys welcome back. This week we are taking it back all the way back to crypto, in particular XRPUSD . If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated.
Currently I have XRP as a strong and cautious wait and watch. Reasoning Crypto is a highly speculative market with unreasonable charts. My hat goes off to anyone who is willing or has at the very least attempted to unravel the debacle that is XRPUSD. Seriously this has to one of the most complicated charts from a TA perspective I have seen and with no FA to go off its more like playing gambling. Now with all that in mind I have pointed out all the monthly support and resistance zones which have had what I would consider strong reactions. Moving forward XRPUSD is yet to find a bottom. I suspect that the last few pumps to the upside have been nothing more then whales filling their shorts adding to momentum to the downside. My count of the chart would have us looking for one last leg down to complete XRPUSD overall grand cycle wave 2. I would not buy XRPUSD at it current state rather wait for more signals and monitor it closely knowing full well crypto moves quick.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
Currently I have XRP as a strong and cautious wait and watch. Reasoning Crypto is a highly speculative market with unreasonable charts. My hat goes off to anyone who is willing or has at the very least attempted to unravel the debacle that is XRPUSD. Seriously this has to one of the most complicated charts from a TA perspective I have seen and with no FA to go off its more like playing gambling. Now with all that in mind I have pointed out all the monthly support and resistance zones which have had what I would consider strong reactions. Moving forward XRPUSD is yet to find a bottom. I suspect that the last few pumps to the upside have been nothing more then whales filling their shorts adding to momentum to the downside. My count of the chart would have us looking for one last leg down to complete XRPUSD overall grand cycle wave 2. I would not buy XRPUSD at it current state rather wait for more signals and monitor it closely knowing full well crypto moves quick.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
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