JamesSE

Xrp correction

Short
BITFINEX:XRPUSD   XRP / U.S. Dollar
Looks like a correction could be imminent. A nice bullish run had led to some nice profits. However, on the 1D chart, the CCI is dropping, the stochastic is high and has maintained its momentum for a while. With the MACD and CCI making a correction, the stochastic will soon drop with it. This will cause xrp to fall down in price.

The next line of support is around $0.65 cents but on the 25/04/18 that was temporarily broken, indicating weakening momentum in my opinion. If sold at its peak a potential 30% profit could be gained.


This is my opinion. I am not a financial adviser. This is information for analysis and educational purposes only.
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