XRP is oversold in the weekly chart. Tom Demark counted red 9 on the weekly and kept counting 5 more red candles. At the moment the price stands on very important support (6108). In the week of October 8, 2018, we have hit the 6108 support and then price increased to 10850. I don't think 6108 will be broken in these oversold conditions. I think we will have a double bottom formation and soon XRP will have a breakout. We can target weekly MA50 level (7598) on our long trade.
Here is my low risk, high reward long term trading idea:
Buy: 6170-6180
Sell: 7598
SL: 5950
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Here is my low risk, high reward long term trading idea:
Buy: 6170-6180
Sell: 7598
SL: 5950
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I trade with real-time liquidation data.
Heatmap I use live: liqheat.com
Heatmap I use live: liqheat.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
I trade with real-time liquidation data.
Heatmap I use live: liqheat.com
Heatmap I use live: liqheat.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.