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martijnk1

XRP Short - 5% profit

Short
XRP (BITFINEX:XRPUSD)  
martijnk1 Updated   
BITFINEX:XRPUSD   XRP
Trend Analysis
1
0
trendanalysis
Why:
- Descending triangle
- Below 55EMA and Kumo
- WT and MACD bending down.
- Decreasing Volume
- Target is previous support

Why not:
- Bullish Divergence on the RSI.
Comment:
It might actually move up before moving down. The Bullish Divergence on the RSI might be strong. However, in the long-term XRP will go down and retest previous support. So I will wait for a breakout either way.
Comment:
And it did indeed move up. Reminds me to trust RSI move. Although it could have also been BTC's moods wings pulling LTC up.
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