Giorgioversace

Xrp : Trade it with caution

BITSTAMP:XRPUSD   XRP / U.S. Dollar
As always Xrp is respecting Fibonacci levels in an extreme way, catch a falling knife and trade it, don't forget to sell or get your hands impaled for sure.
Very risky coin, very good rewards if done properly, very deep losses if you are too greedy to sell it.
Below pink Smma : bear market. Above it : bull market.
Bear death cross happened on the 29th of July : price dipped. Then the 0.25 previous target buy opportunity was reached.
Xrp went on a quick massive run and went above the pink Smma , made a false breakout to stay above it, and today it just went below.
It is playing right now with the Fibo levels.


1°) analysis if it will be a false breakout?
2°) is it a sell signal?
3°) bounce can happen here (if false breakout), on the blue Smma , on the descending trendline , on the last fibonacci level, or at 0.25c.

GL
Oct 12
Comment: sir
Ripple still has more to offer,

Reply
Which time you use for your Smma
Reply
@tbrece,
50 for the blue and 200 for the pink one
Reply
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