TradingView
YouHaveNieds
Jul 31, 2018 9:21 PM

XRPUSD Short

XRP / DollarBitfinex

Description

If it breaks below the support 0.425 the bears have won.

Im going short. Next levels of support 0.30 and 0.25.
Comments
gson
ouch.took this trade too got burnt.
YouHaveNieds
@gson, should have gone short yet. didnt go below 0.425
YouHaveNieds
@YouHaveNieds, shouldn't**
gson
@YouHaveNieds, next time i wont ignore candle wicks
InvestingScope
Excellent chart. We have a quite similar view:

YouHaveNieds
@InvestingScope, Thanks! im would love if ripple got to 0.30.
tradeformula
Next levels aren't .30 and .25 though. This is the support from last year, the green line.



Here's a closer zoomed in version, I suspect the target area is the circle:

YouHaveNieds
@tradeformula, Your analysis doesn't take into consideration one of the biggest supports for xrp, the 0.30-0.25 with about 6 rejections before a clear break above before reaching 3$.
This is a very important support. I love trendlines too, but i tend to trust the support and resistence more.
More