XRP short opportunity
XRP was recently skyrocketing but i believe the price needs to correct, because we are still in the bear market and not bullish. XRP has formed bearish divergence on 2 hours timeframe and double top pattern on daily / 8h timeframe. which indicates the price are going much much lower.
but we still need few confirmations in order to go for short position. we need to break the previous lows and 8 hours 50 period moving avg which XRP was respecting along this rally. once we break and retest the price, we can go short
but we still need few confirmations in order to go for short position. we need to break the previous lows and 8 hours 50 period moving avg which XRP was respecting along this rally. once we break and retest the price, we can go short
Note
target 1 hit..Note
target 2 hit :)Note
target 3 hit :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.