Posts

XRP BOUNCES BACK, BUT UNISWAP, SP500, AND SILVER ARE MOVING FARTHER DOWN (MY SIGNALS)

avatar of @zdigital222
25
@zdigital222
·
·
0 views
·
2 min read

Ripple price is penetrating below the monthly S1 support level at $0.58 and in the process looking to set a new six month low. As investors appear to be backing off, Ripple price action does not look likely to pick up anytime soon, although the RSI is trading firmly in oversold. The reason behind this is that XRP price action keeps selling off regardless of the oversold RSI, which is significant because it means that selling pressure is immense and could be linked to investors' divesting their positions.

XRP price will not see investors return to these levels anytime soon unless they reach a premium of $0.52 or even $0.48. Certainly, that last level would bring XRP price to a 7-month low which could trigger some investors to return to the scene for a lucrative buy opportunity. The RSI would be at the outer barrier of the oversold region by then, thus triggering some profit taking by bears, as they cover, reverting to the buy-side to close off their positions and book gains.

Source: TradingView

You can buy, sell, trade XRP at Bitmart.

Meanwhile, S&P500 rarity in yesterday’s price action with the S&P 500 recovering from an intraday loss of more than 3.98% for only the third time. Now while a recovery in the index from such a sizeable drop may look encouraging, giving a sense that “buy the dippers” are back, the other two times that this had occurred was during 2008 on October 16th and 23rd. As such, in light of the aggressive bid into yesterday’s close, market participants have used this to sell the rip.

These are my trading signals for the next twenty-four hours.

XRPUSDT BUY START: 0.624 STOP LOSS: 0.589 TAKE PROFIT: 0.663 DURATION: 24 hours

UNIUSDT SELL START: 10.96 STOP LOSS: 11.72 TAKE PROFIT: 9.75 DURATION: 24 hours

S&P500 SELL START: 4356 STOP LOSS: 4394 TAKE PROFIT: 4295 DURATION: 24 hours

XAGUSD SELL START: 23.85 STOP LOSS: 24.07 TAKE PROFIT: 23.67 DURATION: 24 hours

FYI, OAH FAMILY COIN is launching. We have created better infrastructure and facilities for our families. World over the children have access to better education. With increase in average life-span, there is an ongoing rise in number of senior citizens, which is further expected to increase every year. Having imparted their young years in making world a better place for everyone, the senior citizens deserve a lot of love, care and dignity. Learn more.

Posted Using LeoFinance Beta