XRP Short Term Trade Short

XRP / BitcoinPoloniex

Description

⋅ Sep 27, 2017 4:45 PM

XRP ran up a lot today and 4HR is outside of Billinger Bands and very overbought. Good chance we can see a retracement to the .5 fib level. Set stops above the high for around 3:1 risk reward.

Trend Analysis Technical Indicators

Comments

ehouttuijnbloe

⋅ Sep 28, 2017 9:34 AM

wow just wirght! what do you think the course will do now?

sebastian.soik

⋅ Sep 27, 2017 5:27 PM

I would not short crypto at the moment. Technically you're right but watch your position closely

EpicTrader

⋅ Sep 27, 2017 5:28 PM

@Sebastian.soik, Long term its still a bullish trend but for now there should be a retracement.

Enhancement321

⋅ Sep 29, 2017 12:03 AM

@EpicTrader, I concur.