XRP is right at a recently developed support line, which could bounce back up and follow the yellow arrow. On the contrary, MACD and RSI are hinting that we might go back down further and hit the next trendline 1.12. If the second scenario plays out, as long as we pass 1.35 again, we should be good to go, otherwise, I would trim my position and wait for the next break out. But since the sale volume is slim, the first "yellow arrow" scenario is the most probable at this point.
Comment:
Second scenario played out. Is it time to bounce?
Trade closed: target reached:
Hit the second target and now going Sideways.
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Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
