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ElBasque
Apr 22, 2017 4:44 PM

XRP odds stacked against it Short

XRP / BitcoinPoloniex

Description

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.
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