Current price action qualifies as a blow-off top rally. Anywhere above 7400 is a good level to consider selling longs and getting short. Midpoint is highlighted - 50% fib level goes here. It's also a doji bar on the weekly although there's some slight variation between different exchanges.
This setup is lining up nicely with my XRPBTC bottoming chart posted yesterday (linked).
Steady price action above 7700 would disqualify this setup.
This setup is lining up nicely with my XRPBTC bottoming chart posted yesterday (linked).
Steady price action above 7700 would disqualify this setup.
