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SeranFinance
Sep 21, 2019 12:08 PM

XRPUSD 9/21 Short Term Analysis Long

XRP / DollarBitfinex

Description

Position Long at 0.2880 ~ 0.2930
Stop loss: 0.2800

Reasons:
O RSI shows a clear breakout from the short term descending triangle
O Decreasing volume from the start of the descending triangle indicating an increase in the next few days
O Currently at the neckline of the descending triangle, ready to surge up
O Next Fibonacci short term line at 0.29678, 0.3040, 0.31428, 0.32736
O Breakout of the 0.32736 may lead to rise until 0.3481 zone
O BTC at the bull flag, ready to go up
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