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stoneja
Mar 14, 2018 10:47 AM

Triangle break Short

XRP / U.S. dollarBitstamp

Description

Litte triangle has broken, Continuation of bearish trend
Comments
aozan88
do you think it will test same resistance (0.88) again?
stoneja
@aozan88, Hello, to early to say yes or no. For now the trend is bearish, so I would answer you no because it's better to follow the trend but, maybe in a few day it could create a base and then restart a bullish move. So, now follow the trend and it's bearish. Will se in a few day how it will continue.
aozan88
@stoneja, thanks for your reply. It's my goof that I commented before seeing that downtrend-bearish-triangle with no sign of reversal. We'll see if XRP hold 0.70 support. Agree with you :)
stoneja
@aozan88, right now bull are fighting to take hands but I would not recommend to enter since the moving average are still well down. To restart a bull trend it has first to build a base. So better to keep quiet and follow the bear trend for now. We'll see hot it goes on in a few days. :)
Bimbo_Chart
shit
stoneja
@Alex_B1M, Why shit ? Are you long on ripple ?
Bimbo_Chart
@stoneja, shit because i would like it to go up :D I'm in since long time, bought more or less at this levels in January
stoneja
@Alex_B1M, I understand and sorry to hear that. Be careful
Rogue7
Well predicted... good chart. Do you see XRP holding here, or a further retraction to lower lows?
stoneja
@Rogue7, hello, like I said to aozan88, it's a little bit to early to answer you. A trend never goes from dow to up or up to down. It always goes on neutral first. Now the trend is Down the it must go Neutral, then Up. But it can also go : Down, Neutral and Down again. To have a chance to go up I need to see a base (=neutral). For now it's Down.
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