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

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.