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ProjectSyndicate
Jun 3, 2020 9:52 AM

XRPUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW) Short

XRP / United States DollarCoinbase

Description

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XRPUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: XRPUSD 16hour chart review
::: BEAR FLAG / HEAVY chart
::: we just hit solid resistance at 21 cents
::: expecting bears to take over
::: at least short-term
::: 20%-30% correction off the highs
::: STRATEGY: short sell any rallies
::: two targets below
::: TP1 bears: 18 cents fresh demand
::: TP2 bears: 17 cents fresh demand
::: possible setup / still SPECULATIVE
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 18c
::: fresh demand 17c
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
VincePrince
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Thanks for sharing, I see it similarly
fbitopdog
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Thanks
CryptoCheck-
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Everytime XRP / Ripple Has Done This Price Skyrocketed
ProjectSyndicate
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@CryptoCheck-, XRPUSD is the weakest coin of all major alt coins based on YTD performance. it ain't going nowhere buddy.
CryptoCheck-
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awsome work
ProjectSyndicate
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