XRPUpdated XRPUSD MARKET ANALYSIS
Downtrend seems very strong in the XRPUSD pair. After brief attempts to reverse a couple of days, bulls keep dominating the market.
However, price is sitting on support right now. If you are holding XRP mid-term, a break of support should lead to a short position until trend reverses.
If you are looking forward to go long, a reversal and break trough the next resistance level could lead to 57% profit or 24% loss
Indicators show trend is far from a reversal though.
However, price is sitting on support right now. If you are holding XRP mid-term, a break of support should lead to a short position until trend reverses.
If you are looking forward to go long, a reversal and break trough the next resistance level could lead to 57% profit or 24% loss
Indicators show trend is far from a reversal though.
Note
Awe should see a break of the pattern on 8/2 or 8/3Note
Market is starting to break the pattern, although still not a clean break.Several altcoins are breaking the pattern and turning to range conditions while others Skyrocket. Levels suggested will secure a clear uptrend.
Positions can be now opened.
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.
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.