The market is looking so bearish as the bears are in total control of the market.
XRPUSD has been holding its support for 238days, as the support level grows old it becomes weaker. Yet another bearish chart pattern on the weekly time frame pointing to the downside, which price has broken the support that has been holding.
Not much to talk about here just the close of this candle stick below the support will indicate a strong bearish continuation to test the previous old support from July 2017.
Targets to look out for is the measured height of the descending triangle chart pattern used to calculate the profit target, targets are as follows: $0.22083 down to $0.13075.
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
XRPUSD has been holding its support for 238days, as the support level grows old it becomes weaker. Yet another bearish chart pattern on the weekly time frame pointing to the downside, which price has broken the support that has been holding.
Not much to talk about here just the close of this candle stick below the support will indicate a strong bearish continuation to test the previous old support from July 2017.
Targets to look out for is the measured height of the descending triangle chart pattern used to calculate the profit target, targets are as follows: $0.22083 down to $0.13075.
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.