Hi, whuts up with Ripple?
Short Position:
Entry: 0.00009000
Stop loss: 0.00009700
Take Profit:
0.00007300
0.00006200
0.00003300
History repeats, and RIPple goes down, now in descending triangle, moving to the grave.
Of course XRP have great blockchain project, with great partners, but look at this numbers:
Circulating Supply
39 094 802 192 XRP
Total Supply
99 992 622 540 XRP
In circulation only 40% of ripples, so the can push price to bottom any time.
USD price will floating near 1$ for few month, while btc price will slowly coming down.
xrpcharts.ripple.com/
If you haven't subscribed to my free telegram channel, do it now! ;)
Have a good luck with you trades!
Short Position:
Entry: 0.00009000
Stop loss: 0.00009700
Take Profit:
0.00007300
0.00006200
0.00003300
History repeats, and RIPple goes down, now in descending triangle, moving to the grave.
Of course XRP have great blockchain project, with great partners, but look at this numbers:
Circulating Supply
39 094 802 192 XRP
Total Supply
99 992 622 540 XRP
In circulation only 40% of ripples, so the can push price to bottom any time.
USD price will floating near 1$ for few month, while btc price will slowly coming down.
xrpcharts.ripple.com/
If you haven't subscribed to my free telegram channel, do it now! ;)
Have a good luck with you trades!
Note
lot of people asking what is Short?investopedia.com/terms/s/short.asp
Note
volume profile Trade active
touched resistance lineshort position should be confirmed by breaking support level 81
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.