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SeranFinance

XRP Short Term Analysis

Long
XRP (BITFINEX:XRPUSD)  
SeranFinance  
BITFINEX:XRPUSD   XRP
Trend Analysis Chart Patterns xrp xrpusd XRPBTC XRPUSDT
11
0
trendanalysis chartpattern xrp xrpusd xrpbtc xrpusdt
*New account made from Seungho_Choi
Position: Long at 0.2580 ~ 0.2600 (Stop loss: 0.2540)

Reason:
  • Bull Flag Pattern formation
    RSI at neckline after breakout from the descending triangle
    Volume spike up then decrease, Ready for shootout
    Very strong resistance at 0.26590 (fourth attempt, high possibility of breakout)
    Decrease in the BTC dominance (follow up by ETHBTC)
    Goal to 0.27206 (Next Fibonacci line)


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