ElBasque

XRP odds stacked against it

Short
POLONIEX:XRPBTC   XRP / Bitcoin
5
Currently squatting on the final 0.236 fib from ATH. Ichimoku in full bear costume. Oscillators gasping and/or neutral. Would be a nice speculative edge-to-edge if price manages to close in cloud, but would have to break through the years old downward trendline again to return to the all-time 0.382 fib. I wouldn't take it. Probably needs bitcoin to **** the bed before a move.

Daily TK possible turning bearish soon, which could be the nail in the short term coffin. Next real support down @ 2000.

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.