Set up to follow for XRP
So the chart is pretty clear. XRP doing what the probabilities say it would however major points to watch for:
1) If the green support is broken there are 3 levels of price action to look at inorder to determine a trend down. I usually use a 16 candle count to confirm a trend and look at each support line to determine a reversal or continuation.
Following the set up along with price action determinants, you should have a pretty clear picture to make some good trades.
Thank you for reading and feel free to leave any comments!
1) If the green support is broken there are 3 levels of price action to look at inorder to determine a trend down. I usually use a 16 candle count to confirm a trend and look at each support line to determine a reversal or continuation.
Following the set up along with price action determinants, you should have a pretty clear picture to make some good trades.
Thank you for reading and feel free to leave any comments!
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