Hello everyone!
We can see that the market started volatility after some days of sleeping. Today I'm covering XRP on a possible buy opportunity which to be honest I can spot some big moves that are increasing the market volume. I think that XRP is setting for a new higher high at the 0.34 region, which will lead us to more profits after we’ll see some good times to short at that level.
KEEP IN MIND:
1. If XRP push itself above green line but closes below which is aligning with the major support, that MAY be a good time to short, wait for exhaustion of bulls and combinate exhaustion with a candlestick pattern
(if possible).
2. Watch carefully the 0.786 fibonacci level, because it can hold very strong as a support, if you see exhaustion at that level we can see a strong downward at the minor support (white)
watch for big momentum to break that level and don’t be afraid to place your trades.
3. After the target will be achieved, the short possibility will start with a divergence.
Wait and enjoy!
We can see that the market started volatility after some days of sleeping. Today I'm covering XRP on a possible buy opportunity which to be honest I can spot some big moves that are increasing the market volume. I think that XRP is setting for a new higher high at the 0.34 region, which will lead us to more profits after we’ll see some good times to short at that level.
KEEP IN MIND:
1. If XRP push itself above green line but closes below which is aligning with the major support, that MAY be a good time to short, wait for exhaustion of bulls and combinate exhaustion with a candlestick pattern
(if possible).
2. Watch carefully the 0.786 fibonacci level, because it can hold very strong as a support, if you see exhaustion at that level we can see a strong downward at the minor support (white)
watch for big momentum to break that level and don’t be afraid to place your trades.
3. After the target will be achieved, the short possibility will start with a divergence.
Wait and enjoy!