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Helical_Trades
Apr 16, 2021 9:26 AM

XRP/USDT : Not a good time to buy  Short

XRP / DollarBitfinex

Description

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BINANCE:XRPUSDT
Hello everyone 😃

XRP is moving below a bearish trendline, How ever it's seems like a pennant.
Also Indicators are overheated on high timeframes.

It's not recommended to take long position for XRP right now.
By the way, MA 50 has reached movement and it's trying to support movement !
So it will cause a retest on bearish trendline and then major target will be next support zone around 1.5$...

🔴 Any 4H closes above bearish trendline will change direction !
BTC is at support line, so we might see a little bullish recovery on market after current dive.


Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
Comments
MMBTtrader
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more correction is expected too

thanks for sharing dear
Helical_Trades
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@MMBTtrader, Oh yea :D
I can smell those bloods XD
motrukx
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@MMBTtrader, what is your target for the next wave?
Helical_Trades
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@motrukx, He might thinks about 0$ its very value able for XRP specially :D
arnnye27
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@motrukx, 3usd next.
Mihai_Iacob
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Reversed exactly from there
Great call
Helical_Trades
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@OptimoomFX, Yes !
TheWolfOfBaySt
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Damn I could’ve sold at 2, and bought again at 1.4-1.5
peterskar
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@TheWolfOfBaySt yeah this is so damn easy to say in hindsight
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