sell XRP | 16 August 2018

Technical Observation

XRP is currently trading with an increasing bearish bias momentum. while the price is below the three Simple Moving Averages, I expect nothing but a spike to the lowerside, if you're not already in a short position, maybe you should wait for a minor correction to the upperside then pick a low risk short position with an ideal take profit at $0.011. The main idea here is to pick a sell position every time the price pullback towards the 152 simple moving average. As it is on the hourly chart, only sell can be adviced.

Trade Signal

sell XRP

101% Double the volume