mikkel-j
Short

failed too close above 0.32650. i think more DOWN will come

BITFINEX:XRPUSD   XRP / U.S. Dollar
as we can se, we failed to close above 0.32650 yesterday. and as we can see. the bears are now in control. i think we will go down to the big blue line, that is a very interresting fib. level, and also ( compared to the bull-run off 2017) a very big by zone. if we can go down and reach the levels arround ( 0.31000 - 0.30960 ) in the big green box. we could, put in a HL on the daily RSI . ( PICTURE IN THE COMMENTS) and a VERY TIGTHT LL on the graph. wich is a very good thing!!. and if we close in that area, the RSI will be in a very good zone in general ( 39.6500 - 40.000 ) compared to the fib. levels.
remember to be VERY carefull and look after price action in the " accumulation zone" there we have an opportunity to put in a, BIG dobbelt bottom.
there is a opportunity, to close this day over 0.32200 if we do that, i still be bullish on this pair. but rigth now, i am bearish .
TRADE SAFE!!!
rising wedge
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here is the daily graph + RSI
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