Short XRP now | 10 April 2018

Technical Observation:

While ETH is trading above the three Similar Simple Moving Averages, (14, 52, 152), XRP is below the two SMAs (52, 152). Unless the price clearly breaks below the three, SMAs, I expect a momentum to the lower side, I expect a break below $0.4000, towards $0.1021. On its way to the lower side, the key lines to look for include $0.4012, $0.3521, and $0.2531, if these lines are breached then I expects further momentum to the lower side. As it is on the hourly chart, its good to look for a short position now, towards the take profit set at $0.1021.

Trade Signal.

Short XRP now towards $0.1021

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.