XRP / Tether USDLong
Ripple Analysis (1hr)
Updated
Ripple recently broke the local downstream line, but the volume is not very big.
Also the market rebounded from the next downtrend line.
However, the ADX line (blue line in the DMI indicator) crossed level 20 and this allows us to open long positions.
You can place pending buy orders at ~ .24
Good luck!
Also the market rebounded from the next downtrend line.
However, the ADX line (blue line in the DMI indicator) crossed level 20 and this allows us to open long positions.
You can place pending buy orders at ~ .24
Good luck!
Note
Another good call from me, huh?But RSI shows that the market is extremely overbought. So, probably there will be a small bounce back before the price rises even higher.
Next resistance level is 38.2% fib (.258 level)
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.