atino

Short Ripple

Short
atino Updated   
KRAKEN:XRPEUR   XRP / Euro
MACD giving a sell signal
UO is going down
RSI is going down
Still in bear market
I suspect that BTC will hit the 8000 dollar and make a quick recovery.

This is just a idea not financial advice.
Comment:
Looks like we are trading in a ascending triangle (5 min/15 min time frame), breakout wil happen in a few hours. A triangle where the lows go up and the highs stay the same is often paired with a downward movement
Comment:
My idea about the ascending triangle was right and we have dropped considerably. Now it is going to be fun going through the 1.2 dollar because if that happened we are going to see a sell off.
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