XRP - Supply & Demand Levels
Right now we're looking at a nice volume spike off a supply area that could potentially be acting as the flag pole of a bull flag.
Bullish Notes:
- RSI hovering in bullish zone
- Spike was very high volume
- .48-65 zone has proved itself as a demand zone twice in the past
If price breaks upward out of the bull flag, monitor price action at .80 for further indications of movement.
If price breaks downward out of the bull flag, monitor price action at .45-.50 for signs of reversal or demand.
Measuring risk from the .45-.50 bottom, I find this coin to be a good buy since I see more potential in its upward movement.
Right now we're looking at a nice volume spike off a supply area that could potentially be acting as the flag pole of a bull flag.
Bullish Notes:
- RSI hovering in bullish zone
- Spike was very high volume
- .48-65 zone has proved itself as a demand zone twice in the past
If price breaks upward out of the bull flag, monitor price action at .80 for further indications of movement.
If price breaks downward out of the bull flag, monitor price action at .45-.50 for signs of reversal or demand.
Measuring risk from the .45-.50 bottom, I find this coin to be a good buy since I see more potential in its upward movement.
Comment:
Comment:
Off to a good start, consider taking profits at .78
Off to a good start, consider taking profits at .78
Trade closed: target reached:
.78 target reached, XRP looks like it's blowing through the resistance though. If you're already in, consider locking in some profit.
.9 - 1.05 with this RSI would be phenomenal
.9 - 1.05 with this RSI would be phenomenal
Comment:
Price action still incredibly bullish in .80 zone.
Defined in our plan to monitor price action at these levels to determine next move, decide for yourself but I'd look for another leg up to .9 here
Defined in our plan to monitor price action at these levels to determine next move, decide for yourself but I'd look for another leg up to .9 here