Trading plan based on volume analysis: XRPUSD

8 mag 2018

Ripple, after test of 0.80 (1st arrow on the screen) yesterday, was moved by buyers to 0,8460, where it met the resistance of sellers (2nd arrow on the screenshot). We expect a retest of 0.80, where in the case of breaking through the resistance of buyers on increased volumes and a successful test from below (3 on the screen), we will see the first targets of 0.78 and 0.76. The zone of sellers remains at 0.86-0.8640 - the accumulation yesterday. We need to see the victory of bears in Time and sales and DOM to short surely. Our backup plan is the breakout on increased volume of 0.88 and its successful test from above (4th arrow on the screen).https://www.tradingview.com/x/A0o34OPK/