Trading XRP Smartly
XRP has a lot of hype these days
you can find cycle patterns and everything but i don't rely on any cycles just yet.
how ever there are some divergence signs on MACD along with the daily RSI
so my TA would suggest that there are two important resistance area as shown on the chart.
first it has to be able to break the 33000 sats resistance which is a recent one, and it is very important, as it indicates the will of buyers and bulls . then the it would go way up to 43 easily.
secondly it has to be able to break 45k or let's say 50k resistance by next week.
if it manages to break the second major resistance I think XRP has enough hype and FOMO trying to double or triple their profit taking (most important fundamental for XRP right now), there's a good chance we would see over 100k sats for XRP.
so a lower risk for entry would be :
buy @ 36k
sell @ 43k
stoploss: 28.6k
a high risk for entry :
buy @ 32k
sell @ 43k
@ 55k
@ 67k
over 68,69k
stoploss: 28.6k
you can find cycle patterns and everything but i don't rely on any cycles just yet.
how ever there are some divergence signs on MACD along with the daily RSI
so my TA would suggest that there are two important resistance area as shown on the chart.
first it has to be able to break the 33000 sats resistance which is a recent one, and it is very important, as it indicates the will of buyers and bulls . then the it would go way up to 43 easily.
secondly it has to be able to break 45k or let's say 50k resistance by next week.
if it manages to break the second major resistance I think XRP has enough hype and FOMO trying to double or triple their profit taking (most important fundamental for XRP right now), there's a good chance we would see over 100k sats for XRP.
so a lower risk for entry would be :
buy @ 36k
sell @ 43k
stoploss: 28.6k
a high risk for entry :
buy @ 32k
sell @ 43k
@ 55k
@ 67k
over 68,69k
stoploss: 28.6k
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