Keeping an eye on the Swell conference, hosted tomorrow, we see Ripple gaining steam after finding a nice support in the 3130 stats area. The main appeal of this trade is the possibility of big new coming tomorrow, however the chart does show a decent setup as well, whit an ascending triangle in the 1h chart, making it a good trade. This of course, provided BTC doesn't make a big move.
The main resistances are 3250 sats and 3400 sats afterwards. As exit strategy I advise to be ready to sell in 3400, however there's always a chance it breaks through it. The stop loss should be below the support or, if a tighter stop is desired, I'd set it below 3197 sats, as below that price the ascending triangle in the 1h chart would be invalidated.
Good luck.
The main resistances are 3250 sats and 3400 sats afterwards. As exit strategy I advise to be ready to sell in 3400, however there's always a chance it breaks through it. The stop loss should be below the support or, if a tighter stop is desired, I'd set it below 3197 sats, as below that price the ascending triangle in the 1h chart would be invalidated.
Good luck.
註釋
Ascending triangle broken in the 1h. In hindsight it was never a very strong patter as it wasn't following an uptrend in the same time frame.However ripple stills looks like a good investment, holding support and Swell 2019 coming up in 24h. If things don't get interesting soon I might consider selling at breakeven as soon as I find something better.
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