XRP, wait for a breakout before buying
Updated
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
[img]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.
Related publications
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.