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.
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