First Target hit. Waiting for the extension. Short.

7 Ağu 2018

The first TP = 0.4100 on Ripple has been hit as the 1D Channel Down (RSI = 35.413, MACD = -0.013, Highs/Lows = -0.0246, B/BP = -0.0502) has been rejected on a new Lower High at 0.46014. The pace is slow (4H RSI = 29.013 but again MACD, Highs/Lows, B/BP near 0.000) and an aggressive downside break - out is needed in order to keep the current Channel Down valid. See however how every uptrend break-out attempt on XRPUSD is rejected on the Channel Down Lower High resisting line. Based on this we keep shorting with the final extension intact = 0.35277.