Breakout Or Breakdown? XRP

26 thg 4, 2018

Daily
Trend timeframe showing a potential support @ 0.00008700
Stochastic RSI showing bearish momentum.


4Hour
Shifting over to our pattern timeframe we can price testing our trendline.
A break and close on the 4hour above 0.00009250 leads us to our next entry.
Stochastic RSI showing momentum wants to head up.


Hourly
Lastly looking over at our trigger timeframe we can see price is stuck in consolidation ( 0.00008750—0.00009250) Waiting for a break above/below zone. Momentum looking bullish, leaning towards a breakout towards the upside. It was April 19th price when price was last here, we saw a jump from 0.000087750 up to 0.0001100. Stochastic RSI showing momentum is bullish.

Conclusion
Buy: After break and close above 0.00009250 on the hourly.
Sell: Nope