XRPUpdated XRP/USD - Play the range?
Hello everyone :) Before reading I wanted to say that you should always do your own research before investing in cryptocurrencies.
Here is my new idea - As you can see, since 18th August 2018 XRP/USD pair has been in the range between 0.315 and 0.353. I've marked the most important parts of the chart :
RED Line & BLUE Line - Stop loss
RED Rectangle - Upper limit
BLUE Rectangle - Lower limit
As you can see on the chart, RSI is 69, which is almost in the oversold level. This could indicate that there is no enough "strength" for XRP/USD to continue the upwards movement. If it does happen (which I personally don't expect), that's why you need to put a stop loss. After / If the price falls to 0.315 range, take profit & go long :) Also put a stop loss where you want - I put mine at 0.308 :)
Good luck & DYOR :)
Here is my new idea - As you can see, since 18th August 2018 XRP/USD pair has been in the range between 0.315 and 0.353. I've marked the most important parts of the chart :
RED Line & BLUE Line - Stop loss
RED Rectangle - Upper limit
BLUE Rectangle - Lower limit
As you can see on the chart, RSI is 69, which is almost in the oversold level. This could indicate that there is no enough "strength" for XRP/USD to continue the upwards movement. If it does happen (which I personally don't expect), that's why you need to put a stop loss. After / If the price falls to 0.315 range, take profit & go long :) Also put a stop loss where you want - I put mine at 0.308 :)
Good luck & DYOR :)
Trade active
Trade going exactly as planned.Trade closed: target reached
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.