"XRPUSD, short to 0.64 based on distribution." by trader JinFlark — published February 07, 2018

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Ripple / U.S. Dollar (BITSTAMP:XRPUSD)

BITSTAMP:XRPUSD Ripple / U.S. Dollar

Trend Analysis Indicators and Overlays Support and Resistance xrpusd ripple rippleusd short shortterm

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trendanalysis indicator supportandresistance xrpusd ripple rippleusd short shortterm

Short to 0.64 based on distribution (analyzed using the X-volume indicator). We can clearly see an uncertain growth from support 0.6 (we wrote about the drop to this mark in the previous article). Moments of growth are accompanied by a relatively strong distribution (ie, sales are bought up, and then accumulate a crypto currency to sell).

Trade active

Trade closed: stop reached

Related Ideas

about XRPUSD 1

Hi. Do you have this idea as active trade ?
Bullish
I can aslo see in time chart, it is creating a Falling Wedge which can break up.
In different angle, you may see Bull flag is creating now too.

Bearish
In 30min chart, it may also creating HS formation. If this happend, you may reach target as a set.

What is your opinions?

dummies

@dummies, trade active

JinFlark

@JinFlark,OK great :-) ! Do you any opinions ? Keep up the good work!

dummies

@dummies, I just want to note that this is a market and everything can change at any moment. I'm not always present online to inform you dear traders about changing the market situation on time. My ideas are not a guide to action. It's just my open deal and my vision of the market.

JinFlark

@JinFlark, Yes, i know. This is just an idea of how XRPUSD will go in the marked, and you only share your vision of it. I just catch your idea and wanted to follow how this will end. I just wanted to learn how you and other think while marked moves. I dont expect you to be 24h online to support me :-D