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ProjectSyndicate
Jul 28, 2020 5:01 PM

XRPUSD D1: Best level to SHORT 25% gains (SL/TP)(NEW)Β Short

XRP / United States DollarCoinbase

Description

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XRPUSD D1: Best level to SHORT 25% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term gains
before reversal from overhead resistance.


πŸ”Έ Summary and potential trade setup
::: XRPUSD daily chart overview and outlook
::: strong recently but still didn't break out
::: accumulated for 5 months since March
::: overhead resistance 24.5 cents / HEAVY
::: BEST level to SHORT IT for 25% gains
::: recommended strategy: SHORT it 24.5
::: SL 25.5c TP 17.5 c +25% gains
::: expecting final re-test range lows
::: overall great chart more gains soon
::: but August BAD month for CRYPTO
::: also BTCUSD going to pullback soon as well
::: good luck traders
πŸ”Έ Supply/Demand Zones
::: N/A
::: N/A
πŸ”Έ Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BULLS
Comments
John0Carter
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Nice work
soulkeeperpaul
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24.50 shouldn't be considered heavy resistance due to covid 19 dump. 30ish is the true resistance
dmxone
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You have to check this! I pass the sl ...
Teklologist
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Have to disagree on this one. I’ve been calling this XRPUSD bull rally since its start. It’s full bull.
JohnBat
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look like btc will grow up so xrp will fallow so i think its not gona happened
FerroIgnique
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The Mantra for the last several years has been short every XRP pump, but will that still be the case?
Zivul33
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That radar needs an update
PolarHusk
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great view, thanks for sharing
YourLazyTrader
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Great set-up
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