XRP 5:1 Buy a break setup!
Ripple - Intraday - We look to Buy a break of 0.5055 (stop at 0.4937)
We look for gains to be extended today.
Price action looks to be forming a bottom.
Daily signals are bullish.
Our outlook is bullish.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 0.5645 and 0.6245
Resistance: 0.5000 / 0.5200 / 0.5600
Support: 0.4850 / 0.4600 / 0.4500
We look for gains to be extended today.
Price action looks to be forming a bottom.
Daily signals are bullish.
Our outlook is bullish.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 0.5645 and 0.6245
Resistance: 0.5000 / 0.5200 / 0.5600
Support: 0.4850 / 0.4600 / 0.4500
Order cancelled
Trade expired.
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Related publications
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.