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.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.