BudBronson
Short

XRPUSD - still short biased

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRPUSD 4H

Hey guys. As you can see, xrp is currently trading within a triangle. The max. upside would be point e. Even if this would mean that price would have to break the counter-trendline, I would not see this as a bullish confirmation, as long as we do not get to see an impulsive break & close above $0.98. The downside targets are marked on the chart, with the first one being $0.75 and the second one $0.65-0.62 area.
After that, chances are high that we will see a bullish continuation but that has to be reevaluated once price has hit one of the two target zones.

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Trade active: Buy zone has been hit
@BudBronson Further down?
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