I decide to trade in short position this cryptocurrency in Bybit as I know the perspective in the crypto-market. In H8 timeframe, XRP show us that it's weakness the trend as Bitcoin or some cryptocurrency do. I mark a resistance line that XRP make higher low in the price action, and that show that XRP it's leading ot the bearish movement toward the $0.90 cents.
In H4 timeframe, we see that XRP it's into this simetric triangle, and that it's not an accumulation zone as cryptoucrrency are not stable this week. Maybe, XRP could to leading to $0.90 cents.
tradingview.sweetlogin.com/proxy-s3/snapshots/k/kcOgB1u9.png
Now, if we look in this Daily chart, XRP it's continue drop and there's a lot chances that XRP continue drop to $0.90 cents.
tradingview.sweetlogin.com/proxy-s3/snapshots/h/hOdRy3lh.png
Now, we see that in weekly timeframe, we could to down before that XRP continue exploding more in this rally.
For that, I will going just open up a Bitcoin and XRP (for bybiy) this week to short these cryptocurrencies.
In H4 timeframe, we see that XRP it's into this simetric triangle, and that it's not an accumulation zone as cryptoucrrency are not stable this week. Maybe, XRP could to leading to $0.90 cents.
tradingview.sweetlogin.com/proxy-s3/snapshots/k/kcOgB1u9.png
Now, if we look in this Daily chart, XRP it's continue drop and there's a lot chances that XRP continue drop to $0.90 cents.
tradingview.sweetlogin.com/proxy-s3/snapshots/h/hOdRy3lh.png
Now, we see that in weekly timeframe, we could to down before that XRP continue exploding more in this rally.
For that, I will going just open up a Bitcoin and XRP (for bybiy) this week to short these cryptocurrencies.
Trade closed: target reached
Congraluations for who follow this signal in XRP!!!
We touch our target at $0.90 cents as I predicted very well
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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.
Related publications
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.