Bearish Divergence, XRP about to short term correct Short

XRP / U.S. dollarBitstamp

Description

⋅ Apr 6, 2020 4:10 PM

Hello Traders,

We have bearish divergence on the 1h chart. We may have hit the top but, I think we get one more shot at the .195 area.

Ready for a pull back to the .186 to .1845 area.

Likes take a moment to leave and are much appreciated,

This is not financial advice, do your own research and trade at your own risk.

Cheers!

Comments

transparent-fx

⋅ Apr 10, 2020 12:04 PM

here is what I will be looking for on xrpusd, pretty interesting

Guapeva

⋅ Apr 7, 2020 2:57 PM

Wow, I can see why the good analyst is so nervous in my channel, his TA is pretty good, that's why

Guapeva

⋅ Apr 7, 2020 3:00 PM

BTW, what a good TA. four letters for this analysis: REKT

lolimssulose

⋅ Apr 6, 2020 7:24 PM

The longer this takes to correct, the more violent and quick the correction will be. Be CAREFUL if you are in the market at this time. - I'd be running a tight stop loss

lolimssulose

⋅ Apr 6, 2020 6:24 PM

Yellow box was target, target HIT! time for short term correction. I will reassess as we correct.

Pearseohagan

⋅ Apr 6, 2020 4:13 PM

Hope your right I'm avoiding FOMO for once LOL

lolimssulose

⋅ Apr 6, 2020 4:15 PM

@Pearseohagan, I was expecting that last parabolic candle to get to .195... we might be headed back down now. If so, the .185 - .1834 area is a good place to buy back in.

Pearseohagan

⋅ Apr 6, 2020 4:16 PM

@lolimssulose, thanks for the heads up. I have a buy order in at .175 maybe i'll adjust that.

lolimssulose

⋅ Apr 6, 2020 4:17 PM

@Pearseohagan, I'm basing the re-buy at the .5 & .618 fib retracements. It's possible it goes lower but that would indicate a larger breakdown