Jandro789

Jandro789

I find the XRP/USD chart very interesting: Like most crytocoins XRP is highly correlated to Bitcoin but it is more volatile than Bitcoin, so in case Bitcoin falls again XRP could touch the orange support trend line very easily. It already reached the orange resistance trend line, the bar touching it is a cross which means, in my opinion, indecisiveness what to do...

Jandro789 Updated 

First of all English is not my native language so apologies if there are some mistakes. Why bullish: Reason 1 is that the past 3 times the RSI "touched" or broke below the 20% trendline the price went up (brown arrows). As an extra layer of safety I use the StochRSI that shows the "right moment" of entry,when the blue line crosses the red one upwards in oversold...