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XRP Short
XRP / Bitcoin
Short
XRP Short
By rmugavin
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Aug 17, 2021
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Aug 17, 2021
Dailys:
XRP consolidating in a range, formed two LL's, now retesting the high of the range off an extremely bullish push.
Huge CCI spike, Likely to see Bearish Divergence if we push up again and hit the zone.
Supply zone, 6q.6 Fib of push down, EQ level
4H:
4H demand zone, Bearish Divergence.
May have missed this trade, first entry would have hit over the weekend and we've rejected strongly, daily Evening star.
Happy to sit orders up there though in case we do get another push.
No PA on Mex futures contract, gave SL a little more room to avoid liquidity and uncertainty. PHAT 10:1 though so might as well have a crack.
Chart Patterns
Technical Indicators
Trend Analysis
rmugavin
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