Hey guys!
We have seen big bearish trend of XRP during the last 2-3 Weeks.
After breaking out of parallel downtrend channel, we got a good buying opportunity here.
There is a quite good support area short above 7000. So I would set SL close to 7000
Our next 2 resistance and target areas are 8000 and 8500.
As u can see in RSI we got a bullish trendline too, supporting this idea!
Happy Trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
We have seen big bearish trend of XRP during the last 2-3 Weeks.
After breaking out of parallel downtrend channel, we got a good buying opportunity here.
There is a quite good support area short above 7000. So I would set SL close to 7000
Our next 2 resistance and target areas are 8000 and 8500.
As u can see in RSI we got a bullish trendline too, supporting this idea!
Happy Trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.