Yokoj

XRP short prediction

Short
KRAKEN:XRPUSD   XRP / U.S. Dollar
Using the fibonacci, and the support lines, we can see a clear trend and a strong resistance that I believe will not be broke and after that we do have some ways to fall.
So we could very well see a couple test of the 0.331 resistance before a a free fall to our next support, which I believe is in the 0.321/0.3215 region.
How ever should we break threw the 0.331 resistance we could see another run to the 0.335/0.3355 region. However I still believe the market is bearish and we have a lot of room to fall.