XRP: be careful

We dropped back to the 0.92 area which I said has to hold for my count to be valid. Can be seen as a 0.726 fib retracement, but really needs to turn right up here for the bull case to work out. If we don't hold here, then the bear case is still valid for us to see lower to 0.7 USD.

Thread carefully.

Kommentera:

We dropped to the 0.90 region but price quickly reversed off the region indicating demand at this price range.

MACD made a higher low while price made a lower low on the 1h chart.

There's positive divergence and the volume on price increases is getting higher, so I am waiting out for a reversal.