-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
XRPUSD H8: SHORT IT! 20% gains BEARS.(SL/TP)(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect short-term losses in this market.
🔸 Summary and potential trade setup ::: XRPUSD H8 chart review/outlook ::: currently price is stuck in range ::: compression into rising wedge ::: BEAR pattern in prior downtrend ::: upside limited from here ::: downside breakdown pending ::: SHORT AT MARKET / SHORT RALLIES ::: TP is 20% gains ::: BEARS will target 20 cents ::: 25c/26c heavy resistance ::: SHORT/HOLD setup for BEARS ::: 20% gains unleveraged ::: 20/21 cents USD will get re-tested ::: short-term bearish / more downside ::: recommended strategy: SHORT IT ::: TP BEARS is 20% gains / 20/21 cents ::: overbought / so expecting correction ::: good luck traders! ::: SHORT IT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS ::: Sentiment outlook short-term: RANGE
Nice work, I do expect some up movements, since we are in an accumulation phase
ProjectSyndicate
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@Darius17, alright. I don't see it that way though.
Rising wedge in prior downtrend. it's already breaking down.
things are just a bit more complicated than that. )))