XRP / BitcoinShort
XRP/BTC - Short (Conditionally)
• Rallied 25% amidst strong bearish price action throughout rest of market, still up 18% on the week --> Excessive upwards move for such a large cap coin
• Stochastics trending down on hourly with bearish divergence on larger timeframes
• Tried to rally about 10000 range for a second time, rejected
• Buy volume weakening, sell volume increasing
• If it reaches previous resistance and breaks (9250-9350 range), great short opportunity
• Stochastics trending down on hourly with bearish divergence on larger timeframes
• Tried to rally about 10000 range for a second time, rejected
• Buy volume weakening, sell volume increasing
• If it reaches previous resistance and breaks (9250-9350 range), great short opportunity
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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.