TradingView
UnknownUnicorn6047038
Dec 10, 2019 12:21 PM

#RIPPLE - Two Scenarios For Takin A SHORT Position Short

XRP / DollarBitfinex

Description

Hello Guys, please support this work by hitting the LIKE Button.

Guys you should take this trade very carefully. Ascending channel was broking and there was a lot of selling pressure. Currently Support trendline turned into resistance. In 1 scenario the price might retrace but will reject from resistance trendline where is a 1 sell zone. Because there was a lot of selling pressure there is another scenario where you can take short position if price will close below its current support.

Please follow the Trading View profile to support my work

Please always do your own research before to trade my ideas!
More