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UnknownUnicorn3942995
Jul 27, 2020 6:55 PM

XRP down to 1400sats!? Short

XRP / BitcoinBinance

Description

XRP/BTC has been in a massive bearish trend since December 2018 when it was trading at around 10,000sats. As can be seen by the chart the price is far from that now! Price has failed 4 times to break the Weekly Resistance of 2231sats and now finally looks set to head lower, creating a 4th successive Lower High and potentially Lower Low. The next Weekly Support at 1400sats represents the last HTF Support for XRP/BTC and if that is lost price will be setting ATL's. This may take a while to play out but my buy orders have plenty of patience.....
Comments
AbsoluteZeroFX
Nah it formed a reverse head and shoulders, if btc didn't move, XRP would have been in the 2500 area by now. It's gonna take off soon, bottom was reached
Darkside999
if that's what you wish then well
UnknownUnicorn3942995
I personally do not believe in chart patterns such as H&S etc. I like to keep it simple and use S&R exclusively. I agree with you that XRP will take off soon but I believe we will see 1500/1400sats first. Watching to see if it plays out is all part of the fun :)
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