Dear followers,
XRP looks ready for a breakout after the spring a few days ago.
Analysis:
XRP's is trading in between resitance (3) and support (1) at the moment and looks ready for a breakout after the spring a few days ago. If support (1) doesn't hold, support (2) is a raising strong support line. If the price drops below, we have to sell XRP. If we see a breakout, this is a trade a like because of the raising support line. This will improve your risk/reward every hour after the breakout occured till it is a zero risk or profitable trade.
MACD: Is almost giving a buy signal
RSI: Neutral / Positive - (above 50 points)
Buy:
Aggresive traders: If an hourly candle closes above resistance (3)
Conservative traders: If hourly candle closes above the bullsh confirmation line
Targets:
Please find the targets in the chart
SL:
1. If a candle closes below support (2)
2. Or if a candle closes below support (1)
Don't hesistate to ask me questions and good luck!
XRP looks ready for a breakout after the spring a few days ago.
Analysis:
XRP's is trading in between resitance (3) and support (1) at the moment and looks ready for a breakout after the spring a few days ago. If support (1) doesn't hold, support (2) is a raising strong support line. If the price drops below, we have to sell XRP. If we see a breakout, this is a trade a like because of the raising support line. This will improve your risk/reward every hour after the breakout occured till it is a zero risk or profitable trade.
MACD: Is almost giving a buy signal
RSI: Neutral / Positive - (above 50 points)
Buy:
Aggresive traders: If an hourly candle closes above resistance (3)
Conservative traders: If hourly candle closes above the bullsh confirmation line
Targets:
Please find the targets in the chart
SL:
1. If a candle closes below support (2)
2. Or if a candle closes below support (1)
Don't hesistate to ask me questions and good luck!
Trade active:
Breakout occured, XRP is now fighting with it's bullish confirmation resistance. We migh see a bullflag forming next hours to trigger a surge to higher levels.
Breakout occured, XRP is now fighting with it's bullish confirmation resistance. We migh see a bullflag forming next hours to trigger a surge to higher levels.
