XRP Short - 5% profit

٧ أكتوبر ٢٠١٨

Why:
- Descending triangle
- Below 55EMA and Kumo
- WT and MACD bending down.
- Decreasing Volume
- Target is previous support

Why not:
- Bullish Divergence on the RSI.

٧ أكتوبر ٢٠١٨

ملاحظة

It might actually move up before moving down. The Bullish Divergence on the RSI might be strong. However, in the long-term XRP will go down and retest previous support. So I will wait for a breakout either way.

٨ أكتوبر ٢٠١٨

ملاحظة

And it did indeed move up. Reminds me to trust RSI move. Although it could have also been BTC's moods wings pulling LTC up.