jjaymelvin

jjaymelvin

Wait for break trade direction.. Monthly is due for a correction and with Sept tapering talks might just be the catalysr

jjaymelvin

Read Chart

jjaymelvin

XRP is on a bullish run forming HH and HL on the H4 TF

jjaymelvin

Short XRP to .17

jjaymelvin

the uptrend is over from the weekly time frame check your fib and also you have a clear head and shoulder on the daily TF price will come back down to attract investors again

jjaymelvin

Im more bullish on this pair but any breakthrough Ill trade accordingly.. You also have some RSI divergence

jjaymelvin

On the 4 hr chart you can take notice of the head and shoulder formation

jjaymelvin

just hit trend line support and 9500 support

jjaymelvin

bull trap

jjaymelvin

possible scenarios

jjaymelvin

price is getting tight and bears aren't controlling much