Re-sell XRP at $0.7545 towards $0.3272 | 20 March 2018

Technical Observation

XRP continues to pullback upwards notwithstanding the previous analysis that it could plummet towards $0.3272. I expect this to be retracement rally towards $0.7775, which is a good location for long term sellers. I went short previously after the previous week's bearish pin bar and is still holding. My expectations is that the price should continue to plummet irrespective of this bullish pullback with my key take profit lines being $0.5925, $0.4265, and $0.3272. If these lines are breached, then I'll expect further momentum towards $0.0975.

Trade Recommendations:

Re-sell XRP at $0.7545 towards $0.3272

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.