XRP showing bearish signs

August 28, 2017

 

 

As seen by the chart, XRP is currently in a downward channel. 

 

The gains over the previous days I see as a false break-out built on the news releases by Ripple. 

 

Now we are seeing a major correction after all this news has been 'baked-in' 

 

There is a small support level at .19, 

I am currently hedging XRP to .19 and then will reanalyse to assess future buy in points of LONG and SHORT positions. 

 

Trade at your own risk. 

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Disclaimer, None of the information contained with in this site is trading advice and should not be considered as trading advice! It is merely documenting my personal journey trading and outlines what actions I have taken, and what steps I will be taking. 

TRADING carries risk! only trade with money that you are willing to lose! 

Liverpool, UK

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