silk

XRP Small Short bouncing to daily 200MA to ride to a breakout

BITFINEX:XRPBTC   XRP / Bitcoin
I see a lot of talk on tradingview calling for a short on XRP , reviewing the daily I could see a small short option down to touch the 200MA however, I would not try to ride it down to the supporting trend. while it is an very early call especially without volume to support it, i think the downtrend will be broken sideways off support on the 200MA daily. Point being XRP is in a no trade zone for a long and only a small short.
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.