morpheous95
Short

XRPMXN Bound to Make Lower Lows

BITSO:XRPMXN   XRP / Mexican Peso
The downtrend that has persisted in ripple across all currencies still persists. Bear markets can and usually are fairly tricky and Ill be the first to admit that I timed the bottom to early. Coming tho this realization I decided to wait out the bears until the exhaustion point which Im confident lies below the doted purple line. The break of this final low will most likely coincide with the extinguishing of buy and holders hope. Around the point that everyone thinks its down for the count, the bull market will probably begin.

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