tradeformula

XRP analysis - $8 by EOY (VIDEO)

Long
tradeformula Updated   
Higher highs and higher lows for XRP on the daily- will be breaking the long-standing resistance soon, which will result in another parabolic move. Let me know your thoughts.
Comment:
Currently SlowK is overbought on the 4hr timeframe, and up against resistance from a couple touches that I don't personally think we'll break right now. Buy when we hit support on the blue & green support below at .41

Comment:
Updated entry to a more bullish stance- the dip didn't go quite as low as expected, but I do see price action likely revisiting .43 before it climbs upwards again.

Trade active:
SlowK is oversold, time to buy. Setting trade to active.


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