XRP Update 4HR TF
XRP went on an absolute heater last week from $0.32 to $0.558, so far ending with a rejection just below the 300EMA on the daily TF.
Thing to note:
- Broke back into BF channel
- Bearish cross of 9 below 50EMA just happened this past midnight EST
- Finding support @ 100EMA
Don't sleep on that bearish cross, the 9 crossing the 50 is usually a very powerful bearish cross.
I told everyone last week that I did not believe this was the big run we've been waiting for, so I sold some XRP @ $0.44 spot, which turned out to be too early, but I took a short right @ $0.55 which has been a banger so far.
Ultimately looking for XRP to bottom within the $0.10 - $0.20 range into mid Oct/early Nov, where I will use the money from the spot/short to quadruple the original position.
Thing to note:
- Broke back into BF channel
- Bearish cross of 9 below 50EMA just happened this past midnight EST
- Finding support @ 100EMA
Don't sleep on that bearish cross, the 9 crossing the 50 is usually a very powerful bearish cross.
I told everyone last week that I did not believe this was the big run we've been waiting for, so I sold some XRP @ $0.44 spot, which turned out to be too early, but I took a short right @ $0.55 which has been a banger so far.
Ultimately looking for XRP to bottom within the $0.10 - $0.20 range into mid Oct/early Nov, where I will use the money from the spot/short to quadruple the original position.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.