Ripple / USD, looks interesting for buying.
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Technically, we have updated a new low, at which an extra volume is observed, after which statistically in history we see at least short-term upward movements. In addition to this, the RSI indicator is confidently in the oversold zone, which also strengthens the position for purchases.
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Considering the price-action, a reversal pin-bar has formed on the chart, supported by a good volume at the new local bottom with a combination of oversold many indicators.
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We consider this deal adequate, long with a good risk-to-profit ratio (1x4)
.
Technically, we have updated a new low, at which an extra volume is observed, after which statistically in history we see at least short-term upward movements. In addition to this, the RSI indicator is confidently in the oversold zone, which also strengthens the position for purchases.
.
Considering the price-action, a reversal pin-bar has formed on the chart, supported by a good volume at the new local bottom with a combination of oversold many indicators.
.
We consider this deal adequate, long with a good risk-to-profit ratio (1x4)