XRP / BitcoinUpdated Ripple : Short opportunity or too risky? (2)
Many bearish signals on XRP :
1- Crossunder Ema 9/33 on 4h chart.
2- Brekdown of Bearish chuvasov fork.
3- Buy volume in "big divergence" , dropped a lot.
4- No reaction of Buyers on 0,5fib retr and weak reaction on good support.
Waiting for the retest of chuvasov fork , and maybe another opportunity for short.
1- Crossunder Ema 9/33 on 4h chart.
2- Brekdown of Bearish chuvasov fork.
3- Buy volume in "big divergence" , dropped a lot.
4- No reaction of Buyers on 0,5fib retr and weak reaction on good support.
Waiting for the retest of chuvasov fork , and maybe another opportunity for short.
Note
Ripple still seems Bearish. Daily candle closed below support (87372) and price cross down Ema 31D , i'm waiting for monday closes to confirm the Bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.