Tecnologia_Financiera

Bullish trend line on XRPUSD

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
As we can see on the chart, there is an opportunity of a long position in XRPUSD. First, there is a breaking point in the resistence line at 0,1784. Also, we can see a rebound in the bullish trend line at 0,1790 along with a crossover of 9-day (short-term) and 20-day (long-term) moving averages, which is a bullish signal.

Therefore, we can open a long position at market price and set a trailing stop order of 5% to limit possible losses.

Comments

Why you say Moving Average (9 or 20 days), this MA is on the timeframe that you selected, in this case is 2H... must be in periods ;-)
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