XRPUSD to bounce off Fibonacci retracement level

28 мая 2018 г.

XRPUSD is currently in a downtrend channel, but is approaching Fibonacci levels 0.786 at 56 cents and 1 at 46 cents.

The plan here is to wait for a bounce off one of the levels as well as a MACD or SMA crossover to go long, and take profit near the corresponding upper level.

Set a tight stop at 3% under your entry fib level.

Let's see what happens!

28 мая 2018 г.

Заметка

XRPUSD weakly bounced off 0.56 to almost touch the SMA7 at 0.58. I expect more downward movement to 0.46 where consolidation will happen.

28 мая 2018 г.

Заметка

Stoch is oversold on the daily. RSI is approaching oversold on the daily. Possible breakout could be soon