XRPLong
XRP @ key level & 50% retrace
Updated
XRP is at a key-support-level after a 50% retrace of the previous run. Consolidation at key-support suggests the potential for a reversal in the near future. A blind entry would be acceptable--a more conservative entry would be to place a stop-buy above between 0.97-1.01 There will likely be some intra-day resistance around $1.00 but so far this hasn't produced anything major on the daily chart. The next major resistance is @ the last previous high. There might also be some resistance around the MA.
*Full disclaimer--I won't be trading this even though I think it is a good trade at a key-level with confluence; I'm with GDAX which doesn't do altcoins.
*Full disclaimer--I won't be trading this even though I think it is a good trade at a key-level with confluence; I'm with GDAX which doesn't do altcoins.
Note
The breakout:
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