Ripple Buy Opportunity
Updated
The market shows strong upward movement. We can try to join it based on a breakout signal above the resistance zone formed by SMA100 and the downtrend line. MACD supports upward movement. DMI allows opening long trades. Buy orders can be placed above the downtrend line at 2.30 with stop at 1.50 level. Profit targets are at 3.25 and 4.00 levels. The part of trade volume should be left for long run.
Comment
The market made a new swing high which is below the downtrend line and our entry level. We should keep pending orders at the same level and wait for possible breakout.Comment
The price is going to break the downtrend line. It will give us a trend reversal signal. The pending orders should be at the same levels.
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.