mrmeeseeks
Long

XRP - Supply & Demand Levels

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRP - Supply & Demand Levels

Right now we're looking at a nice volume spike off a supply area that could potentially be acting as the flag pole of a bull flag .

Bullish Notes:
- RSI hovering in bullish zone
- Spike was very high volume
- .48-65 zone has proved itself as a demand zone twice in the past

If price breaks upward out of the bull flag , monitor price action at .80 for further indications of movement.
If price breaks downward out of the bull flag , monitor price action at .45-.50 for signs of reversal or demand.

Measuring risk from the .45-.50 bottom, I find this coin to be a good buy since I see more potential in its upward movement.
Comment:
Comment:

Off to a good start, consider taking profits at .78
Trade closed: target reached: .78 target reached, XRP looks like it's blowing through the resistance though. If you're already in, consider locking in some profit.

.9 - 1.05 with this RSI would be phenomenal
Comment: Price action still incredibly bullish in .80 zone.

Defined in our plan to monitor price action at these levels to determine next move, decide for yourself but I'd look for another leg up to .9 here
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out