Short

Updated

XRP/USD Short

XRP has broken through it's supporting trend line. Broke out of a bearish wedge and looks like it could return to it's more stable upward trend line around 1.70 price area.
I am learning as I go and would appreciate any feedback you have.
Also, if anyone knows how I post photos or charts into the comments please let me know.

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Trade closed: target reached

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At this stage it's 50/50... There may be yet another wave down to around the 1.40..
Trade carefully.

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Only the 1 minute chart. But inverted cup and handle showing signs of a drop

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There may still be another wave down. If you have thoughts leave me a comment.

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This might be the big moment :D

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XRP has formed a complete bearish triangle at it's peak.
It may yet have further to fall.

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Possible next wave down to around $1.70

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1.70 may be the bottom. It is the .618 on fibs and a bullish wedge has formed with the price hitting the bottom support at this point.

Trade closed: target reached

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I think that's the end of the wedge. Ladder your buys or join me and fomo buy at 1.80 haha

Trade active

Learning. But I have taken all trends and patterns into account that I can see on the entire wave so far.
I believe the price will come back close to 1.40 on another small wave down before heading up and potentially breaking out of the equal triangle.
Any thoughts or ideas you have would be welcome.

Gordonrmck

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Gordonrmck