Bearish pin bar forming on the weekly chart? | 07 March 2018

Technical Observation

On the weekly chart above, XRP could end up a bearish pin if the current weekly candle can close the way it is or below $0.8805. As I said on yesterday, my long term buyers are at the weekly support at $0.3272. If the current weekly candle can close bearish pin, then I'll expect a surge towards $0.3272. Technical, you could look for a sell position now and have your take profit at $0.3272, alternatively, you could place a pending buy limit order at $0.3272 have your stop loss below $0.0975 and take profit at $2.7300.

Trade Signal.

Place a pending buy limit order at $0.3272 with take profit at $2.7300.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.