[XRP/USD] Short term: Are we going to hold the line?
XRP is currently trading with low volume. We are building on strong-ish support at 0.37788USD.
Our goal now is to watch the green trending line in correlation with the support line as well.
If we go and close under those lines, we go lower even more.
If we close above, we can meet each other at the resistance, where we will test 0.4USD.
My advice now is to check for the closing candle - is it above? or bellow?
Happy trading.
Our goal now is to watch the green trending line in correlation with the support line as well.
If we go and close under those lines, we go lower even more.
If we close above, we can meet each other at the resistance, where we will test 0.4USD.
My advice now is to check for the closing candle - is it above? or bellow?
Happy trading.
Trade closed: stop reached:
Closing this short-term analysis. Support was tested two times. The second time it could not hold and gave up to the bears as predicted. Please consider following me as I am bringing more TAs in the future.