Trading plan: XRPUSD (Ripple)
Ripple rate made a deep correction. The last chance of Ripple to rise in the price on average volumes is from the support zone $ 0.665 - $ 0.660. Ahead of it, the resistance level of $ 0.70. There is a possibility that sellers will stop the growth rate of Ripple in the $ 0.70 zone.
Priority of the day: buy XRPUSD with a target of $ 0.72.
Ripple still retains a bullish trend, but its deep rollback down makes us think about an alternative scenario.
Projected scenarios:
1. Buy XRPUSD from $ 0.66 to $ 0.72.
2. If the sellers get to stop the growth rate of Ripple around $ 0.70, then one will need to think about fixing profits in a long position and consider an alternative scenario.
An alternative scenario:
XRPUSD rate can go down from $ 0.70 to $ 0.63. If there are volumes for sale, then on a retest of $ 0.69 it is better to think about the transaction for selling. It would be safer to sell Ripple after a breakout from the top down of $ 0.66 level.
Priority of the day: buy XRPUSD with a target of $ 0.72.
Ripple still retains a bullish trend, but its deep rollback down makes us think about an alternative scenario.
Projected scenarios:
1. Buy XRPUSD from $ 0.66 to $ 0.72.
2. If the sellers get to stop the growth rate of Ripple around $ 0.70, then one will need to think about fixing profits in a long position and consider an alternative scenario.
An alternative scenario:
XRPUSD rate can go down from $ 0.70 to $ 0.63. If there are volumes for sale, then on a retest of $ 0.69 it is better to think about the transaction for selling. It would be safer to sell Ripple after a breakout from the top down of $ 0.66 level.
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