-TOP author on TradingView
-15+ years experience in markets
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-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
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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.
🔸 Summary and potential trade setup
::: XRPUSD H8 chart review/outlook
::: currently price is stuck in range
::: compression into
::: 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 / 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.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: RANGE
Rising wedge in prior downtrend. it's already breaking down.
things are just a bit more complicated than that. )))