XRP/USD is forming a flag on 4H, break out of which will lead it straight to 0.30 support. But there is still a possibility of accumulation now with further bullish movement. So, how can we know which variant is more possible?
1) Arguments for SHORT: -downtrend with no buyer hints
-every jump of the price to 0.326 is weak and quickly gets covered by bears
2) Arguments for LONG: -accumulation of the price above the support
-there were some huge sell offs(long spikes), which somebody had bought.
-today's news about fake capitalization of XRP didn't affect the price, which means that nobody is interested in further fall
-I expect a short-term upward move of BTC, so XRP will go with it
Summing up, place long orders above resistance and short - below support. Don't forget about stop-losses!)
1) Arguments for SHORT: -downtrend with no buyer hints
-every jump of the price to 0.326 is weak and quickly gets covered by bears
2) Arguments for LONG: -accumulation of the price above the support
-there were some huge sell offs(long spikes), which somebody had bought.
-today's news about fake capitalization of XRP didn't affect the price, which means that nobody is interested in further fall
-I expect a short-term upward move of BTC, so XRP will go with it
Summing up, place long orders above resistance and short - below support. Don't forget about stop-losses!)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.