TradingView
RosarioTomasello
Aug 24, 2019 7:45 AM

XRP-USD HUGE SHORT (with BTC-USD correlation) Short

XRP / DollarBitfinex

Description

Almost same chart as yesterday, we can see the progression of the H&S pattern building up. Tomorrow BTC-USD weekly MACD will form a deathcross. XRP is actually strongly correlated to BTC price, ready for the last bearish move(probably) before the bullrun. In my opinion it will start somewhere in middle of September or early October. As for price, I think we will go as deep as 0,21$ but maybe we could go much lower (0,15$ for istance but it's very unlikely, there is a very huge support starting from 0,19$). That's all for today, thank you and leave a comment if you want!

No investing advice intended.
Comments
Crytoeye
Thank you for the info. Deeply appreciated
RosarioTomasello
@enifome, thank you for your comment!
Crytoeye
Thanks you info. Deeply appreciated
More