TradingView
vf_investment
Jan 11, 2023 1:14 PM

XRPUSD - Overbought - Short Short

XRP / U.S. dollarBitstamp

Description

On the chart of Ripple (XRP) we can see the price is approaching a overbought condition on 4h timeframe. This would mean when the overbought condition is confirmed the price will retrace.

The three indicator used are the Bollinger Bands, Relative Strenght Index and the Stochastics.

At the moment the RSI needs to increase a little bit more. For now the price will move up and once it has reached the resitance the price will drop.

See all further details on the chart.

Goodluck!
Comments
JoeChampion
NIce idea Pal!
Gold-Tech
I agree with the priority. We will keep an eye on the market
RLinda
Good look at the market, keep up the good work)
TheNewsCrypto
Great one
P_S_trade
Possible trade, thanks for sharing
SwallowPremium
Yeah! Great outcome for this coin. We have the same thoughts. Thanks for sharing!!
More