XRPUSD Trading plan based on volume analysis

27 באפר׳ 2018

Buyers have protected the zone of support XRPUSD 0.76 USD three times (1st arrow on the screen). They entered the zone of sellers at 0.84 on an increased volume, which they defended three times (2 on the screen). There appears to be no steady upward momentum yet. Therefore, if we want to confidently join the buyers with the first targets of 0.88 and 0.92 USD, we have to wait for a confident output on the volume from the area of 0.84-0.85 USD and Buy during the test of this zone from above (3rd arrow on the screenshot). Or, the other option is to wait for a rollback to the zone of buyers 0,80-0,81 USD and to buy there if there are signs of a price stop (4th arrow on the screenshot). However, if sellers will prevail in the zone 0,80-0,81 USD, which we will see by volume, we have a backup plan to short breakout 0,76 USD during rollback with the target of 0.70 USD (5th on the screen)
https://www.tradingview.com/chart/G44xtc91/