Ripple failed to break Key Price Level 0.3030 on Aug 14th - 15th. It also failed to break 1HR Support Turned Resistance earlier today. Im predicting Moderate to Big bearish movement following its Daily close in 4 1/2 hours. I placed a Risky & Safe Sellstop Entry on XRP/USD. Stoploss for both are between 30 - 45 pips. Im expecting test of Weekly Resistance turned support. (Marked In Orange). Exit points are marked as well. Of course there is still possibly that price retests recently broken support, but I see more bearish sentiments. This is my partial analysis, complete analysis starts on the 4HR Timeframe. What's your thoughts on XRP/USD??? COMMENT BELOW!
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.
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.