I'm not putting up any fibs because every other TA has one, draw your own patterns and follow it will work. I like to stick with RSI, Bands, Volume as well as market sentiment. Which has worked for, Im not a day trader but like to position trade xrp when the signs are obvious. Right now the RSI on the 4 hour is completely over sold (bullish), and we are holding support nicely at .324. Next level of support is .287, and if that breaks as you can see on the chart is a .253.
My white arrows are where I posted and bought in the past, the circle region on the charts is where I plan to buy again. If you followed my buys from last time you did well. I am suggesting to buy again here while on tested support level, but would not leverage 100% as we can easily break to .287. I do see a flash crash to .287 before we bounce back to .324. I am buying anywhere in the green circled region, as .287 has been a long tested support.
Bullish : Its simple if we hold above .287 and shoot up to over .356 right away, we could be for a ride. We are prepared to rise over 300% to about $1.00 usd. We have been over sold on the daily and 4 hour charts, with the RSI continuing to slide downward. What is a bearish sign
Realistically: I see xrp shooting to 1$ but not unless it does so within next 30 days, or we will see slow side ways at .287 - .384 range.
Bearish : If we break .287 and do not bounce back above and close. Any close under .287 will bring the price towards .253 and im afraid it could even go down from there.
So if you are trading set a stop loss.
If you are investing for long term , like me wait for these key levels to reflect market price and buy the fucking dip!
Im sure im forgetting to say something, thanks for reading tho!
This is not financial advise, only my suggestions.
My white arrows are where I posted and bought in the past, the circle region on the charts is where I plan to buy again. If you followed my buys from last time you did well. I am suggesting to buy again here while on tested support level, but would not leverage 100% as we can easily break to .287. I do see a flash crash to .287 before we bounce back to .324. I am buying anywhere in the green circled region, as .287 has been a long tested support.
Bullish : Its simple if we hold above .287 and shoot up to over .356 right away, we could be for a ride. We are prepared to rise over 300% to about $1.00 usd. We have been over sold on the daily and 4 hour charts, with the RSI continuing to slide downward. What is a bearish sign
Realistically: I see xrp shooting to 1$ but not unless it does so within next 30 days, or we will see slow side ways at .287 - .384 range.
Bearish : If we break .287 and do not bounce back above and close. Any close under .287 will bring the price towards .253 and im afraid it could even go down from there.
So if you are trading set a stop loss.
If you are investing for long term , like me wait for these key levels to reflect market price and buy the fucking dip!
Im sure im forgetting to say something, thanks for reading tho!
This is not financial advise, only my suggestions.
Comment:
Typo as i did not mean to put bearish sign but bullish!**
