🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
#XRP
Week TF
Short factors:
1. The token price has currently settled below the 0.382 level of the second Fibonacci cycle, and all moving averages have been broken, namely the 9, 21, 50 EMA.
2. The SMA 28 is building momentum towards a 'death cross' with respect to EMA 50.
3. 0.236 Fibonacci level confirms buyer interest at Bollinger levels.
4. Decrease in MACD purchase volumes
With the support of BTC, as well as negative factors of economic components, it is presumably advisable to consider a SHORT position on XRP.
VAT - 0.5175
SL we take out for EMA 50 and volumes according to VPVR - 0.5301, which will also be confirmed by breaking the moving RSI guide and the value of 50
TP 1 - 0.4958
TP 2 - 0.4355
…..
TP.. - 0.3510
Don't be greedy! Profit for everyone! Always use stops!