Bearish MA Cross | 23 August 2018

technical Observation

On the hourly chart attached, there's a bearish cross of the two Simple Moving Averages. As I mentioned few days ago, while the price is below the two SMA, especially after the MA cross, I expect nothing but a spike to the lowerside. If you're not already in a short position, you can still wait for a breakout below 0.30655 to pick a long term short position towards 0.24955. On the Contrary, if the price should break above 0.35405, then this will be a good place to look for a long term long position.

Trade Signal.

short XRP below 0.30655

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.