Solldy

XRPUSD Short📉

Short
BITSTAMP:XRPUSD   XRP / U.S. Dollar
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As we can see in November, the price began its upward movement abruptly. On its way, the price was able to break through a strong line that originated in 2018. This means that the price increase was very persistent. Now the price has risen to the resistance zone , which also originates in 2018. A similar point can be seen at the beginning of the zone.

You can see how the price was able to push off from the resistance zone and start falling. Today I expect the price to continue falling and be able to reach the support zone .📉

Do you agree?)

Your Solldy.
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Comments

Good Call Brother!
+2 Reply
Also in times like this, in the parabolic growth, its so risky to short xrp even for a retrace...
+2 Reply
@Kobass, Yes, I agree, extremely fast moves. XRP is not a usual coin.
+1 Reply
Solldy Kobass
@Kobass, This is purely my opinion! But I appreciate your opinion because it is yours!
Reply
Kobass Solldy
@Solldy, nice call. Ill follow through with your long when price stabilise.
Reply
You were very correct
+1 Reply
willl see - thanks
+1 Reply
Solldy Lingrid
@Lingrid, Thank u too!
Reply
I do not agree at all. Did do a 30 percent correction yesterday, before some hours did form a double bottom and doing an ABC retrace after the initial local 5 step sequence up. This is a critical moment of forming a higher low. We will see. 80 percent chance up, 20 down. 20 chance down only, because the RSI didn't bounce properly from an expected level by me and showing some small signs of weakness, but overally still very bullish.
+1 Reply
Solldy Barrabert
@Barrabert, This is your opinion and I appreciate it!
+1 Reply
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