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Art_of_Trading
2018년 3월 11일 오전 9시 0분

RIPPLE Analyses - New Support Formed 

XRP / DollarBitfinex

설명

The Ripple moves are very correlated to BTC price actions. If we compare H1 charts, we see that they make the same moves in the last few hours. The price hit the previous structure low at 0.7455 area and bounced back. It formed a support level and now the Ripple price now moves in sideways, because it was unable to break the previous low to continue down trending. It is expected that the price will move between those two areas for some. I will await the valid breakout and then open a position.

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yakumak
Where is the valid breakout point?
Art_of_Trading
@yakumak, if the majority of a strong candlestick bar closes outside of the support or resistance, it is usually considered a valid breakout.
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