ProjectSyndicate

XRPUSD H8: SHORT IT! 20% gains BEARS.(SL/TP)(UPDATED)

Short
COINBASE:XRPUSD   XRP / U.S. Dollar
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XRPUSD H8: SHORT IT! 20% gains BEARS.(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.


πŸ”Έ Summary and potential trade setup
::: XRPUSD H8 chart review/outlook
::: currently price is stuck in range
::: compression into rising wedge
::: BEAR pattern in prior downtrend
::: upside limited from here
::: downside breakdown pending
::: SHORT AT MARKET / SHORT RALLIES
::: TP is 20% gains
::: BEARS will target 20 cents
::: 25c/26c heavy resistance
::: SHORT/HOLD setup for BEARS
::: 20% gains unleveraged
::: 20/21 cents USD will get re-tested
::: short-term bearish / more downside
::: recommended strategy: SHORT IT
::: TP BEARS is 20% gains / 20/21 cents
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
πŸ”Έ Supply/Demand Zones
::: N/A
::: N/A
πŸ”Έ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: RANGE
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

Nice work, I do expect some up movements, since we are in an accumulation phase

+1 Reply
ProjectSyndicate DariusFxTrading
@DariusFxTrading, alright. I don't see it that way though.
Rising wedge in prior downtrend. it's already breaking down.
things are just a bit more complicated than that. )))
Reply
Appreciate your work buddy! 🦐πŸ’ͺ🏻
Reply
A bearish potential scenario I think. πŸ»β€β„οΈπŸ™πŸ˜ŠπŸ˜ƒ
Reply
wake me up when we're sub .10
Reply
Great explanation bro!!
Reply
ProjectSyndicate TradingAxis
@TradingAxis, thank you very much
Reply
Nice work :D
Reply
ProjectSyndicate Momantic_FX
@Momantic_FX, thank you!
Reply
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