XRPShort
XRP/USD Trade Idea
Hello and welcome to my Trade Idea of the currency pair XRP/USD.
Lets start with the Top Down Analysis.
Monthly: The last 3 months are bearish.
Weekly: The weekly timeframe is bearish too and the market closed under the support which indicates bearish strength.
Daily: The daily timeframe is in a downtrend too.
H4: On the h4 timeframe we draw the very powerful trendline acting as resistance and expect that new lows will be made.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The last 3 months are bearish.
Weekly: The weekly timeframe is bearish too and the market closed under the support which indicates bearish strength.
Daily: The daily timeframe is in a downtrend too.
H4: On the h4 timeframe we draw the very powerful trendline acting as resistance and expect that new lows will be made.
Have a nice day.
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.