Coin Name : $XRP
Signal Type : Short
i think XRP will go to the 2.46 range . i will explain the reason why i am bearish on
XRP.
XRP has created a ascending triangle pattern . we all know it is bearish pattern . it has target to 2.55-2.46. there is also some correlation .
we know that total2 index shows how does ALTCOIN perform then ETH & BTC. if we watch closely TOTAL2 index also created a ascending triangle pattern. we know total2 and XRP has positive correlation. let me give you one more correlation.
Those who know about market and have knowledge knows this index . i am talking about USDT.D. USDT.D has negative correlation with crypto market . USDT.D has created a descending tringle pattern . it is bullish sign . so it also indicates that crypto market is bearish .
Market will always go for liquidity . to know where the liquidity is beginners can use Liquidation Heatmap . Binance XRP/USDT Liquidation Heatmap showing liquidity on 2.55 - 2.46 zone . market will take those liquidity .
Entry : 2.63 ( JOIN MY BINANCE LIVE TO KNOW MORE ABOUT MY STRATEGY)
TP1 : 2.53 If you want to learn my strategy follow my binance live
TP2 : 2.46