Good morning, here on XRP/USDT we can see that we have had quite the past 2-3 days in terms of upside, looking on the 4h chart we have become very over sold, as well as the macD showing bearish divergences. This makes me believe that we will have a pull back to highlighted area in green. I believe this will be a support and area for XRP/USDT to bounce because of the .236 Fib level that many traders will be watching, this will also give for the RSI and MacD to cool off substantially before we make anther move up. I have my stop loss just below C Range, and my profit target 1 is at (.54) .5 where ill take half profits and will take the remainder off at (.59) 1. Thank you for looking at my chart. This is not finical advice just sharing my thoughts. Cheers.
Comment:
Looking good as of right now, looking for some upside but looking like 2-4 days for P1 and P2. Stop loss is key!
Trade active:
Hello everyone, I am still currently in my position, got in a majority of my position around $.50, updating my price targets, they changed slightly due to new information. P1 is .545 P2 .597
Trade closed: stop reached