coltsrule7
Short

XRP In a Bearish Channel Time to Go Short

POLONIEX:XRPBTC   XRP / Bitcoin
XRP BTC is in a longterm down trend/ correction from its incredible run up in the first quarter. It is now a good short opportunity with a stop loss placed just above the resistance level of the channel and your take profit near the support zone . Fibonacci levels also indicated that there has been a retracement of 61.8% and the price is currently at a 50% retracement level indicating the bearish trend will likely continue.

Good Luck!

If you wanna help me out, Feel free! I know I am. 16XBjRPzStH3FANCsWmUGBGALVpQ9RkPhE

and some jams to trade too: https://www.youtube.com/watch?v=cbbMvvKO...
Comment:

Volume Profiles on the daily chart for some of you who like to see volume's role in price action.
Trade closed: target reached: Another great trade! Hope you caught that one with me!
You're late:
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coltsrule7 streetgainer
@streetgainer, Nice Call. I guess when you make consistent calls bases on both fundamental analysis and Technical you dont need to share your correct months old call with other people saying that you were once right. welp thanks for the input i guess.
+1 Reply
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