scenario A: I will be shorting XRPUSD until in reaches the key level support zone ( 0.46700 - 0.45500). If it respects this zone and bounces off, then buy for bullish run. ( still needs to exit downward trend line before entering a second position for me). Stoch is showing oversold but I don't regard this info as helpful with crypto since extreme over sold/ over bought happens often here.
Scenario B: If XRP breaks that key level, then it will likely test the next major support around .29200.
Either way, short it to the key level.
Overall predicted trend for the year/ swing trade: Even once becomes bullish, might create one more peak in the overall wedge it's creating on the monthly chart, come back down to key level, then exit for the BIG bull run of 2018.
Scenario B: If XRP breaks that key level, then it will likely test the next major support around .29200.
Either way, short it to the key level.
Overall predicted trend for the year/ swing trade: Even once becomes bullish, might create one more peak in the overall wedge it's creating on the monthly chart, come back down to key level, then exit for the BIG bull run of 2018.
last week pushed through overall major bearish trendline and went to .79025. easy buy as well.
Enjoy profits and will post again later for entry on bull run!