ZIRP

XRPH18 : Bounce Before the Fall

BITMEX:XRPH18   None
XRPH18 Futures trading idea. Strong support where price currently stands. RSI has bumped above the illustrated white trend-line, indicating a possible reversal. I suspect we will return to the upper blue rectangle and get rejected, causing further cascade down through previous support. Top buyers will lose faith of an actual reversal at that point, and begin exiting their positions more fiercely.

Later into 2018, I suspect Ripple will stage a comeback. For now, this is what I see.

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