Look for a long position now | 04 May 2018

Tehnical Observation

After a perfect break above $0.8532, XRP pullback to the same zone and instead of picking a momentum to the upper side, the price is still rallying somewhere above $0.8532. I know the price could move upwards, but instead of going long now, I choose to remain flat and wait fro a clear break above the 152 Simple Moving Average to confirm a possible rally towards $3.3740. On its way to the upper side, the key lines to look for include $1.2580, $1.6820, and $2.8100. If these lines are clearly breached, then a rally towards $3.2340 is expected.

Trade Signal.

Look for a long position now towards $3.2340

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.