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kabbo12

Rejected on a New 1W Lower High, RIPPLE / U.S. DOLLAR XRPUSD

XRP (BITFINEX:XRPUSD)  
kabbo12  
BITFINEX:XRPUSD   XRP
Trend Analysis Wave Analysis Chart Patterns riple ripleusd xrpusd XRPUSDT xrpusdlong xrpusdbuy xrpusdshort 1w ripple-eur
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trendanalysis waveanalysis chartpattern riple ripleusd xrpusd xrpusdt xrpusdlong xrpusdbuy xrpusdshort 1w ripple-eur
XRPUSD broke the previous Channel Down on 1D on fundamental reasons and managed to test 0.79, which is still a Lower High on 1W. Since this price was also inside the 0.681 - 0.786 (0.68967 - 0.81315) Fibonacci retracement zone since the last 0.96716 1W Lower High in April, we expect the price to make an equally quick technical gap fill as the equivalent rise. We have used those levels to short again with TP = 0.27100 (gap fill).

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