gabbest_off

Negative divergence on the daily RSI. Looking to see 0.37& below

שורט
BINANCE:XRPUSDT   XRP / TetherUS
Here on the daily rsi we got negative divergence and after lots of buying pressure slowly decreasing due to the start of weekend. We have came to our main resistance levels at 0.40. Hourly chart has touched the the upper band of the vwap and bounced off. There is a chance if bitcoin breaks through 16800 and closes above it on the H4. We might see XRP breaking out but its less likely as bitcoin is in similar situation right now. We need to drop the liquidity at the lower levels such as 0.37 and below. Therefore, I will be looking for short positions. Although be careful and allow risk management.
PLEASE FOLLOW AND SHOW SUPPORT if you want more TA

Trade to Profit!
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.