Add as a preferred source on GoogleCasiTrades Says XRP’s Technical Weakness Preceded Binance Headlines
She said XRP had repeatedly tested a lower trendline since Oct. 24. She also said she was watching deeper retracements after Wave 1 moves in several altcoins.
XRP fell during a broader market sell-off on Friday, Oct. 30, amid headlines about a Binance security incident. CasiTrades said the headline accelerated the decline after XRP had repeatedly tested a lower trendline since Oct. 24, describing the technical weakness as already in progress.
The analyst said the repeated trendline tests came before the headline. She characterized the news as speeding up a move that had already been developing.
CasiTrades also said several altcoins were in corrective Wave 2 structures and approaching deeper Fibonacci retracement levels. She described those as levels she was watching, not as levels the altcoins had already reached.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.