Well, as you can see 99% of ideas was canceled due to market collapse. For most of us it was unpredictable situation. I also was hoping to enter ALL IN in long position after bouncing @ 1.08 but this does not happened. Now we can see strong bearish trend, bulls are tired now. Ichimoku cloud concept defines trend bouncing 2-3 times per cycle. We already see first well recognizable bounce, and waiting for the second one. There is a strong support at daily 200 EMA at 0.75, which can retrace ripple to the ichimoku cloud at 0.85 where strong resistance is located. Re-bouncing 0.85 will make second wave to the lower support at 0.40. If ripple brokes Ichimoku cloud, then we can expect consolidating, and future reversal, but this is unlikely.
I am short on this buying at 0.85, Target 0.40, Stop 0.95 Happy trading, and make some profit. This is not an advice. This is my own decision.
Kommentar
⋅
Safest entry point is when EMA 200 is crossed down after a day in consolidation.
Order storniert
⋅
Ripple don't stop at 0.85 zone, it broke ichimoku cloud and did not broke daily EMA200 back downward. So this idea is invalid.
Kommentar
⋅
Ripple can still go down through daily EMA200, but ichimoku pattern is invalid.
@LuisRivasNoriega,
Yep, rebounce will not started. Order is not started.
It is good to stay away right now. Probably ripple is in consolidation. Trend is still bearish, ripple hit lowest low, it pierce daily EMA200.
Ripple have big future. Every drop is a good time to buy for long investment. This drop to 0.67 just triggers some investments. Next week chart will be more clear than now.
LuisRivasNoriega
⋅
@nixel, Thanks for the reply, i'm new working with ichimoku
rsatzerro
⋅
good call, just back to 0.85 and back down..
FreeDG
⋅
How do you short this? What exchange do you use?
nixel
⋅
@xrpftw,
Bitfinex margin trading.
DDBUCO
⋅
@xrpftw, You can also utilize a broker such as JAFX for margin trading as well.