Look for a long term long position now | 01 May 2018

Technical Observation

XRP is currently trading around a key daily support line $0.8095 but below the 152 Simple moving average. Unless there's a break above $0.8532 and most importantly above th 152 Simple Moving Average, I still expect a short term short position with my take profit at $0.4010, however, in case the price breaks above $0.8532, then I'll wait for another break above the 152 SMA to confirm a rally towards 3.0930. On its way to the upper side, the key lines to look for include $1.2530, $1.9610, and $2.8090.

Trade Signal.

Look for a long term long position now towards $3.2330.

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.