Trading plan: XRPUSD (Ripple)
Ripple is going to grow. The nearest resistance level is near $ 0,6773 (look at point 1 on the chart). If Ripple can overcome this obstacle, then we will see the growth of its rate in the matter of a few days. Then XRPUSD will move up to $ 0.7 and $ 0.73.
Priority of the day: neutral position on XRPUSD.
An analysis of the volume of Ripple indicates a decrease in the strength of the bears (look at point 2 o the chart).
Projected scenarios:
1. Sell XRPUSD from $ 0.67 to $ 0.6435.
2. Ripple can stay in a narrow corridor for a couple of days: $ 0.67 - $ 0.65.
An alternative scenario:
The rate of XRPUSD will go up to $ 0.73. The weakness of the bears and a strong level of support for bulls near $ 0.6435 (blue line on the chart) are in favour of this scenario.
Priority of the day: neutral position on XRPUSD.
An analysis of the volume of Ripple indicates a decrease in the strength of the bears (look at point 2 o the chart).
Projected scenarios:
1. Sell XRPUSD from $ 0.67 to $ 0.6435.
2. Ripple can stay in a narrow corridor for a couple of days: $ 0.67 - $ 0.65.
An alternative scenario:
The rate of XRPUSD will go up to $ 0.73. The weakness of the bears and a strong level of support for bulls near $ 0.6435 (blue line on the chart) are in favour of this scenario.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.