Trading plan: XRPUSD (Ripple)
Ripple rate grew sharply and managed to pass through the entire resistance zone: $ 0.70 - $ 0.66.
What are we waiting for?
1. We plan to sell Ripple from $ 0.66 to $ 0.63. To do this, it is necessary that its rate will break through from top down the support level.
2. Not only that Ripple rate will break through its support line, it is necessary to fix its price under the level of $ 0.66.
3. And only after all of the above, we will look for a point for selling Ripple.
Priority of the day: neutral position on XRPUSD.
As you know, this scenario may take several days. Today we are out of the market: we watch and analyze Ripple rate.
Projected scenarios:
1. XRPUSD rate will enter the lateral movement.
2. Ripple rate may drop sharply to $ 0.64 - $ 0.63 zone.
An alternative scenario:
The rate of XRPUSD can easily rise from $ 0.66 to $ 0.71. After all, the movement of Ripple rate has not ended yet, so we are waiting for confirmation of the strength of the bears, and do not rush with sales.
What are we waiting for?
1. We plan to sell Ripple from $ 0.66 to $ 0.63. To do this, it is necessary that its rate will break through from top down the support level.
2. Not only that Ripple rate will break through its support line, it is necessary to fix its price under the level of $ 0.66.
3. And only after all of the above, we will look for a point for selling Ripple.
Priority of the day: neutral position on XRPUSD.
As you know, this scenario may take several days. Today we are out of the market: we watch and analyze Ripple rate.
Projected scenarios:
1. XRPUSD rate will enter the lateral movement.
2. Ripple rate may drop sharply to $ 0.64 - $ 0.63 zone.
An alternative scenario:
The rate of XRPUSD can easily rise from $ 0.66 to $ 0.71. After all, the movement of Ripple rate has not ended yet, so we are waiting for confirmation of the strength of the bears, and do not rush with sales.
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