XRP: SHORT THE BREAKDOWN!
Updated
XRP ANALYSIS:
XRP broke thru the rising wedge and is now on the downward decline. This is prime time to short upon the confirm break of the triangle as shown here. Entry for the short is 2640 - 2690 sats. The main targets are a break of the 100MA and a hit towards T1 at 2609 sats, T2 at 2580 sats, T3 at 2540 sats. This would complete the next wave down and hit support at a double bottom near the low end of 2500 sats. RSI is showing a continued downward push and sellers are not showing exhaustion yet. Next line of support is at 2500-2540 sats.
Possible Entries: 2640-2690 sats
XRP broke thru the rising wedge and is now on the downward decline. This is prime time to short upon the confirm break of the triangle as shown here. Entry for the short is 2640 - 2690 sats. The main targets are a break of the 100MA and a hit towards T1 at 2609 sats, T2 at 2580 sats, T3 at 2540 sats. This would complete the next wave down and hit support at a double bottom near the low end of 2500 sats. RSI is showing a continued downward push and sellers are not showing exhaustion yet. Next line of support is at 2500-2540 sats.
Possible Entries: 2640-2690 sats
Trade closed: target reached
WIN! XRP/BTC SHORT Hit Target 1!
+1.92% Profit!
Trade closed: target reached
WIN! XRP/BTC SHORT Hit Target 2!
+3.01% Profit, or +9.03% profit with 3x leverage :)
Note
WIN! XRP/BTC SHORT Hit Target 3!
+4.51% Profit, or +13.53% profit with 3x leverage :)
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