fvb

XRP, double top? Read to all!

Short
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KRAKEN:XRPUSD   XRP
Often I notice that altkoins work more technically and ahead of schedule. XRP showed signals for a breakdown of resistance and entry into the zone of imbalance above 0.70, but the market leader began to move down.

XRP draws a classic figure: a double top, but it is not yet formed, we are in the decision zone and everything depends on the BTC. But I completely closed my position and look forward to a new opportunity to enter the market.

We see a bearish divergence of OPEN INTEREST

RSI showed a divergence to a short position and a divergence on a larger timeframe for the purchase, but more I trust the OPEN INTEREST, the better the support of the RSI became resistance

Volumes are falling

We are in the decision-making zone for BTC and XRP, and throughout the market as a whole, but it's worth noting that altcoins are moving the market more technically, due to smaller volumes

The review will be continually supplemented, follow the news and put it live)

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Trade ist aktiv:
I got a lot of messages on the mail, where is the double top? So friends, I have a crystal ball ... Head)) The pattern is almost formed, we wait and sit in a short position
Trade ist aktiv:
There was a rebound from the nearest resistance level to h1, we continue to sit in a short position and observe
Trade wurde manuell geschlossen:
We close completely the position and wait for a new entry, the pattern is not formed, but BTC does not promise growth, and again a divergence is discovered on open interest in a short position
Trade ist aktiv:
The tool stopped, but to close the short position, there is no reason, I recommend putting the stop at 0.699
Trade ist aktiv:
The stop order for the long position is still 0.699, the price stopped at the control point 0.684, we are still in the short position, but it's worth keeping a close eye on the market, we are really in the decision zone
Trade geschlossen: Stop wurde erreicht:
Fail
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