CoffeeshopCrypto

XRP to drop over 12%

Short
KUCOIN:XRPUSDT   XRP / Tether
tradingview.com/x/ylUowyhp/

Welcome to Coffee Shop crypto everybody this is just going to be a quick one for you xrp is going to drop about 12 and a half percent if you take a look at the chart that I have up below feel free to go ahead and copy to straight into your demo account and test it out for yourself there is a Formula that I use for the RS I that will tell me the exact beginning to end of a move now this is a several day trade probably I wouldn't call it a swing trade this could happen very quickly so let me rephrase that last statement. This is a day trade movement on the 1-hour time chart and I'm doing this with an RSI set up 14 a stuck a stick set at 200 and I'm looking at a split screen display of both heiken Ashi candles and price action regular candles Chinese candles so we are in a downtrend this is a bearish move and it is not my go to move but if you want to test out that my formula for RSI works on your own demo account feel free to do so now as far as I can see the RS I was hitting at about 55.41 I think it was or 54.4 + that tells me that my r s i needs to be that my risk-reward needs to be at a 1 to 4.5 or 1 to 4.3 something like that I don't have that screen up in front of me at the moment but feel free and just copy the trading to your demo count. if it works out for you, please come back and comment that it's all good, and I'll show you how to get into that formula. I have no problem doing it. I will however the future very soon set up a video showing the formula and the different stages of when you go 1 to 2, 1 to 3, 1 to 4, 1 to 8, 1 to 10 and 1 to 12 on your risk-reward based on what your RSI tells you. that's it for now feel free to leave your comments below. if you can hear the music in the background by the way this show is sponsored by anti FM radio.com and this is coffee shop crypto.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.