XRP/Usd short
tradingview
01/27/2019
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testing past lows



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XRP rejected aat .34 , rejected at .32 and aiming for .26

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possible inverse h&s formation for xrpusd. Stop and tarrget levels were given in chart. Good luck..

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Previous analysis xrp' was too weak during it's drop so i decided to wait (as i updated). Now i am still waiting at this moment. From the looks of it, we will probably make another drop. If it will be the a similar size as today's drop, it could work out. Volume inside that small channel/wedge is dropping a bit as well, which is a good sign. But anything below that purple zone, remains very bearish. That is the level where the purple trend line from the left chart is at. So if we see a drop and good rally straight through that purple zone, it could become a bear trap and a first small confirmation that the low is set (short/mid term). Based on the chart on the left, the blue circled wedge we dropped out of, it should happen within like 24/36 hours. Because it needs to get back above that purple trend line. Than it could still be seen as a false breakout (bear trap) Please don't forget to like if you appreciate this :) Previous analysis https://www.tradingview.com/chart/XRPUSD/1XAun99N-Ripple-XRP-fractal-Bullish-Wedge-in-Play/

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BITFINEX:XRPUSDundefined