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SeranFinance
Sep 18, 2019 6:34 AM

XRPUSD 9/18 Short Term Analysis Long

XRP / DollarBitfinex

Description



Position Long at 0.3000 ~ 0.3050 (Buy after pull back)
Stop loss at 0.2870

Reasons:
O Reverse head and shoulder pattern
O RSI at Overbought section (70), need for minor adjustment
O Trend Reversal after strong support made at 0.2500 zone with volume spike (Strong accumulation)
O Buy after pullback in 0.2965 ~ 0.2985
O Strong support/resistance at 0.3050 (calculated by Fibonacci retracement)
O 0.3050 line needs to hold strong to be a breakout
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