XRP - Could it be a bull trap?
XRP broke the descending triangle. It did a nice a,b,c,d,e pattern and broke up.
However, I would be cautious and wait before getting excited.
- No volume increase.
- Candlesticks are showing wicks. This means buyers are trying to bring it up but it is stopped by sellers.
- 55 EMA is acting as resistance.
So, I recommend to be cautious. and wait for more confirmation before potentially going long.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
Yes it is i got myself 1000 coins already
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