XRPShort
XRPUSD
A quick move up with some potential resistance and support levels being respected.
Price testing the 0.30810usd, and pushing back down to form an ascending triangle chart pattern.
These levels above are the move and consolidation area which will likely be testing while price moves up.
For a short trade set up the probability of moving will only be ascertained only when price breaks the resistance ahead while holding to its support levels. LEVELS TO WATCH ARE:
BUY: $0.30848
SELL: $0.3100 up to $0.3200
STOP LOSS: $0.30480
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
Price testing the 0.30810usd, and pushing back down to form an ascending triangle chart pattern.
These levels above are the move and consolidation area which will likely be testing while price moves up.
For a short trade set up the probability of moving will only be ascertained only when price breaks the resistance ahead while holding to its support levels. LEVELS TO WATCH ARE:
BUY: $0.30848
SELL: $0.3100 up to $0.3200
STOP LOSS: $0.30480
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.