Hello guys,
It seems that XRP is trading inside an upward channel and right now it hits the upper part of the channel and also resistance at 1250 satoshi.
For a long setup, I would wait for at least two hourly candlesticks to close above the resistance and upper part of the channel.
Also, I'm expecting some big green candlesticks if we close above, so don't forget to put some buy orders because it can get pretty nasty.
Another thing is that RSI seems to cool down and get out of the overbought zone and volume seems to increase a lot.
Trade safe and only what you can afford to lose!
Target: 1500
It seems that XRP is trading inside an upward channel and right now it hits the upper part of the channel and also resistance at 1250 satoshi.
For a long setup, I would wait for at least two hourly candlesticks to close above the resistance and upper part of the channel.
Also, I'm expecting some big green candlesticks if we close above, so don't forget to put some buy orders because it can get pretty nasty.
Another thing is that RSI seems to cool down and get out of the overbought zone and volume seems to increase a lot.
Trade safe and only what you can afford to lose!
Target: 1500
Trade closed: stop reached