XRPUSDT SHORT

13 juil. 2021

Going into the week, I will be looking for the 60 cent level. As it is a crucial level for the bulls. Unless we see a strong reversal from that point, I anticipate a break of the support, and the main target would be around 56 cents. This scenario is backed by a bearish funding rate + the lack of buying in this area represented by CVD.

My other indicators suggest:
Order-Book: Bearish
Funding-Rate: Bearish
Open-Interest: Bearish
Long/Short Ratio: Bearish
CVD: Bearish

I hope you like this analysis and give a thumb for more content.

14 juil. 2021

Note

First Target reached. Let's see what happens at this crucial level.

15 juil. 2021

Note

Slight bounce from the 60 cent level with little volume. I expect a break of the 60 cent level with TP2 as the next crucial level to look for.

19 juil. 2021

Note

TP2 reached - I expect to see further downside this week.