Testing resistance 1 more time but oversold, wait on a few bars

2017年10月2日

XRP has been doing a nice walk up so far but is again testing the .768 FIB to break through resitance. STOCH is showing overbought but there has been a good amount of volume in the last week proving people are definitely stocking up. You have to wait and see where the next few candles/pricing gets us. Im thinking it dips one more time to below 4600 which would be a good entry point, stop loss at 4450 and then a slow move up till fundamental news on Oct 12-14. If you see a few green candles breaking through this 4700 resistance then you can also buy on the breakout as well.