XRP/USD - Play the range?
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Hello everyone :) Before reading I wanted to say that you should always do your own research before investing in cryptocurrencies.
Here is my new idea - As you can see, since 18th August 2018 XRP/USD pair has been in the range between 0.315 and 0.353. I've marked the most important parts of the chart :
RED Line & BLUE Line - Stop loss
RED Rectangle - Upper limit
BLUE Rectangle - Lower limit
As you can see on the chart, RSI is 69, which is almost in the oversold level. This could indicate that there is no enough "strength" for XRP/USD to continue the upwards movement. If it does happen (which I personally don't expect), that's why you need to put a stop loss. After / If the price falls to 0.315 range, take profit & go long :) Also put a stop loss where you want - I put mine at 0.308 :)
Good luck & DYOR :)
Here is my new idea - As you can see, since 18th August 2018 XRP/USD pair has been in the range between 0.315 and 0.353. I've marked the most important parts of the chart :
RED Line & BLUE Line - Stop loss
RED Rectangle - Upper limit
BLUE Rectangle - Lower limit
As you can see on the chart, RSI is 69, which is almost in the oversold level. This could indicate that there is no enough "strength" for XRP/USD to continue the upwards movement. If it does happen (which I personally don't expect), that's why you need to put a stop loss. After / If the price falls to 0.315 range, take profit & go long :) Also put a stop loss where you want - I put mine at 0.308 :)
Good luck & DYOR :)
Dagangan aktif
Trade going exactly as planned.Dagangan ditutup: sasaran tercapai
Dagangan ditutup: hentian tercapai
Penafian
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