Look for an XRP retracement
Please feel free to comment or challenge me on my TA. If you like my idea, leave a like to show support.
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XRPUSDT
XRP broke through the 100- & 200-MA, which usually results in a very strong move up. This leads to people feeling like they should chase the run. However, it is better to be patient and look for a good entry.
MAY: XRP broke 100-&200-MA
-> Had a run up
-> MACD very high
-> Retraced
-> Golden cross
-> Run up.
NOW: XRP broke 100-&200MA
-> Had a run up
-> MACD very high
...
Wait for a retrace (around $0.22 level) and look for the golden cross.
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XRPUSDT
XRP broke through the 100- & 200-MA, which usually results in a very strong move up. This leads to people feeling like they should chase the run. However, it is better to be patient and look for a good entry.
MAY: XRP broke 100-&200-MA
-> Had a run up
-> MACD very high
-> Retraced
-> Golden cross
-> Run up.
NOW: XRP broke 100-&200MA
-> Had a run up
-> MACD very high
...
Wait for a retrace (around $0.22 level) and look for the golden cross.
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