XRP Approaching Breakout - Possible Trades Soon
For the duration of November, XRP has been bullish and has shown no signs of losing strength. We are now approaching a triangle breakout that will most likely occur at the end of today or early tomorrow.
We are riding on an upward trend that has held for about 2 weeks now and are approaching the resistance line around $0.25 that has held for a little over a month. Given how the market has been acting lately, I believe we will see an upward breakout towards the next level of resistance at $0.282. *THIS IS SOLELY MY OPINION*. We could also see a downward breakout back towards the $0.18 support which would provide a good short opportunity and go long again after a bounce off the support.
Watch how the market acts within the next 12-24 hours and from there you will be able to make a better decision on what trade to make.
We are riding on an upward trend that has held for about 2 weeks now and are approaching the resistance line around $0.25 that has held for a little over a month. Given how the market has been acting lately, I believe we will see an upward breakout towards the next level of resistance at $0.282. *THIS IS SOLELY MY OPINION*. We could also see a downward breakout back towards the $0.18 support which would provide a good short opportunity and go long again after a bounce off the support.
Watch how the market acts within the next 12-24 hours and from there you will be able to make a better decision on what trade to make.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.