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flat | 21 May 2018

21 May 2018, XRP

flat

Technical Observation

XRP continues to whipsaw above and a below the 52 Moving Average. So far, this Crpto has been trading with neutral bias, and has not established a clear direction, thus, I advice remain flat temporarily. However, should the price break above $0.8532, then this will be an ideal place to pick a long position towards $1.1568, and the next at $1.5603. If these take profits are hit, then the price is likely to surge upwards with my next take profit at 1.9595. As it is, I remain flat, however, in case of a bounce from $0.8095, then I'll be looking for short position.

Trade Signal.

Flat

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Imelda Maseno
Analyst of «FreshForex» company
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