XRPBTC- Possible Short
Updated
RSI bearish divergence on 1H Chart XRP BTX
Price is testing previous broken structure and trendline at 0.50 fib level
If price close below the trendline we could see price drop back to 8200 level
Wait for the 1H to close below the trendline to enter short position.
Price is testing previous broken structure and trendline at 0.50 fib level
If price close below the trendline we could see price drop back to 8200 level
Wait for the 1H to close below the trendline to enter short position.
Note
XRPBTCShort @ 8830
TP: 8210
SL: 9055
Trade closed: stop reached
Note
That was a tight stop. But target was reached after.
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.