XRPUSD by ProjectSyndicate — TradingView

-TOP author on TradingView

-15+ years experience in markets

-Professional chart break downs

-Supply/Demand Zones

-TD9 counts / combo review

-Key S/R levels

-No junk on my charts

-Frequent updates

-Covering FX/crypto/US stocks

-24/7 uptime so constant updates

XRPUSD H8: SHORT IT! 20% gains BEARS.(SL/TP)(UPDATED)

IMPORTANT NOTE: speculative setup. do your own

due dill. use STOP LOSS. don’t overleverage.

Tagged as SHORT because I expect short-term

losses in this market.

🔸 Summary and potential trade setup

::: XRPUSD H8 chart review/outlook

::: currently price is stuck in range

::: compression into rising wedge

::: BEAR pattern in prior downtrend

::: upside limited from here

::: downside breakdown pending

::: SHORT AT MARKET / SHORT RALLIES

::: TP is 20% gains

::: BEARS will target 20 cents

::: 25c/26c heavy resistance

::: SHORT/HOLD setup for BEARS

::: 20% gains unleveraged

::: 20/21 cents USD will get re-tested

::: short-term bearish / more downside

::: recommended strategy: SHORT IT

::: TP BEARS is 20% gains / 20/21 cents

::: overbought / so expecting correction

::: good luck traders!

::: SHORT IT and get paid. period.

🔸 Supply/Demand Zones

::: N/A

::: N/A

🔸 Other noteworthy technicals/fundies

::: TD9 /Combo update: N/A

::: Sentiment mid-term: BEARS

::: Sentiment outlook short-term: RANGE