InvestingScope

Testing the 1D Lower High. Best opportunity to short.

Kort
BITFINEX:XRPUSD   Ripple
XRPUSD has approached the 0.35277 limitation of the 1D Channel Down and the neutral RSI = 48.112 indicates that this is the most rewarding spot for a short. If however this Lower High barrier breaks, then the Channel Down pattern is void and Ripple will approach the 0.41003 - 0.42412 Resistance zone. In both cases, the commanding 1W trend will remain bearish (MACD = -0.097, Highs/Lows = -0.0795, B/BP = -0.2054) sp our targets stay intact: TP = 0.24321 (December 12, 2017 low) and TP = 0.19914 (December 08, 2017 low).

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