Ripple, Technical Analysis, Oct/21/2017, Short Term Bearish

in ripple •  7 years ago 

Bitstamp has the longest trading history for XRPUSD so I mostly analyze this pair with this exchange.

The price was heavily rejected above 0.28000 in the recent breakout, and we see a huge wave of profit taking / stop loss in the past few days.

At 0.20600-0.21000 we should see some consolidation and hopefully there is good support.

If this price zone failed to stop the downward momentum, we may see 0.16000-0.17000 level in a short time. In an extreme case, 0.13000 level is possible.

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were did u learn ta?

Hi gillzo! Mr. Market charged me huge sum of money! lol

lel, have u made much money? of his ta

sadly no... made some and lost more lol
so i am learning to make profit

I will give you 1 vote but first give me 1 vote on my new post. My profile link is @scrafi. After vote me than give a comment that you vote me than I vote your newest post.

why dont u create some original content, then u might get votes..

It looks like it is headed to 0.1985

https://www.tradingview.com/x/Lpb5Grjj/

True! And we need to see how traders action when price reach there.