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usablewifi
Feb 8, 2018 10:04 PM

Can it be that easy? XRP is looking dicey. Short

XRP / BitcoinPoloniex

Description

The chart has followed a very distinct pattern. It appears to be following that same pattern. Seems easy enough to short here, but I'd be cautious about an entry until we break 9000 sat level one more time. As you can see the previous time we had one more hard bounce off of this level before the short was a solid play.

Comment


I've added the resistance line here. As you can see its played a roll in both instances. Pressure is building, in a downward direction.
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