XRP: Awesome Breakout! But Important Support Now
XRP perfectly broke the bottom support, just like EOS as we had analyzed yesterday:
Beware though: We have now arrived at the previous lows in the 29,5-28,5 region: A bounce could be expected here, esp. if Bitcoin breaks its current Equilibrium bullish:
So if you played the breakout (as I did), you can definitely look towards taking partial profit, and even fully closing the position, if BTC breaks out bullish: XRP in USD would probably stay neutral in that case at least.
If BTC on the other hand sees a bear break, we could definitely still see some decent follow-through on the short site.
If you didn't see this breakout coming, and if you wanna learn for yourself how to recognize breakouts, let me know, happy to teach you! ;) Have a great weekend my friend.
Beware though: We have now arrived at the previous lows in the 29,5-28,5 region: A bounce could be expected here, esp. if Bitcoin breaks its current Equilibrium bullish:
So if you played the breakout (as I did), you can definitely look towards taking partial profit, and even fully closing the position, if BTC breaks out bullish: XRP in USD would probably stay neutral in that case at least.
If BTC on the other hand sees a bear break, we could definitely still see some decent follow-through on the short site.
If you didn't see this breakout coming, and if you wanna learn for yourself how to recognize breakouts, let me know, happy to teach you! ;) Have a great weekend my friend.
Publications connexes
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.