Warning: XRP Price Is Forming A Death Cross That Previously Led To A 15% Crash
The XRP price is currently at risk of a crash as crypto analyst Umair has revealed that the altcoin has formed a death cross. Notably, this same pattern formed the last time that XRP suffered a 15% crash. XRP Price At Risk With Death Cross Forming In an X post, Umair stated that a death cross was forming on the daily chart for the XRP price. He further noted that the last time the altcoin printed this setup, it crashed by 15%, which, the analyst said, lines up perfectly with a potential decline to the $1.50 range. As such, he suggested that XRP could face the same outcome, since the same....
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Golden crosses and death crosses are key signals that technical analysts use to determine whether an asset is trending upward or downward. How can traders use the golden and death crosses in their trading strategies?Traders typically buy during a golden cross and sell during a death cross. Different traders will have different approaches to crossover signals. Some traders might wait for a confirmed golden or death cross before entering or exiting a trade. Others might use the crosses as confirmation signals in conjunction with other technical indicators.In general, however, the golden and....
There’s an ominous “Death Cross” maturing on the Bitcoin price chart, foretelling a grim outlook for the cryptocurrency soon. The benchmark cryptocurrency has tumbled aggressively after forming a record high near $41,986 (data from Coinbase) on Friday. At its recent low, it was trading at $30,100 but managed to instill hopes of a bullish revival […]
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