🐋 $XRP has had 7 consecutive down days, totaling -19.44% over that period. So far today, it is down -0.18%.
Several consecutive days moving in the same direction indicate that buyers or sellers have held the upper hand. But the longer the streak lasts, the more important it is to consider trading volume.
Before today's daily candle closes, its color could still change: if the intraday price moves back across the opening price, a bearish candle could turn into a different kind.
More useful than the length of the streak is often whether each day's gains or losses are getting larger or smaller: steadily shrinking candle bodies are often seen as a sign of weakening momentum.
Don't let a single number disrupt your original plan, and certainly don't use borrowed money to test a reading.
Several consecutive days moving in the same direction indicate that buyers or sellers have held the upper hand. But the longer the streak lasts, the more important it is to consider trading volume.
Before today's daily candle closes, its color could still change: if the intraday price moves back across the opening price, a bearish candle could turn into a different kind.
More useful than the length of the streak is often whether each day's gains or losses are getting larger or smaller: steadily shrinking candle bodies are often seen as a sign of weakening momentum.
Don't let a single number disrupt your original plan, and certainly don't use borrowed money to test a reading.