$XRP Bounce on support incoming? on 46k sats reversal? $XRPBTC
Key points:
- Ascending support trend line identified. Due to come into play at ~44,000 sats.
- Higher lows on daily RSI suggests possible reversal of downtrend
- RSI dip below 30.0 mark on weekly chart strong oversold indicator
-Target set below key resistance levels of 60k sats (big even) and ~63.5k sats (first Fibonacci level)
PLEASE NOTE: As this trade was identified on a BTC paired chart, this trade is not intended specifically for USD gain. This trade should be played with any current BTC holdings in an effort to build your BTC value. BTC and USD paired charts are both equally relevant. However, if you have removed all of your BTC holdings (temporarily or otherwise), BTC paired trades are best avoided.
Trade triggered: 46,385 sats
Stop loss: 39,779 sats (13.84% loss)
Trade target: 59,300 sats (28.45% gain)
- Ascending support trend line identified. Due to come into play at ~44,000 sats.
- Higher lows on daily RSI suggests possible reversal of downtrend
- RSI dip below 30.0 mark on weekly chart strong oversold indicator
-Target set below key resistance levels of 60k sats (big even) and ~63.5k sats (first Fibonacci level)
PLEASE NOTE: As this trade was identified on a BTC paired chart, this trade is not intended specifically for USD gain. This trade should be played with any current BTC holdings in an effort to build your BTC value. BTC and USD paired charts are both equally relevant. However, if you have removed all of your BTC holdings (temporarily or otherwise), BTC paired trades are best avoided.
Trade triggered: 46,385 sats
Stop loss: 39,779 sats (13.84% loss)
Trade target: 59,300 sats (28.45% gain)