Tecnologia_Financiera

Bullish trend line on XRPUSD

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BITFINEX:XRPUSD   リップル/米ドル
As we can see on the chart, there is an opportunity of a long position in XRPUSD. First, there is a breaking point in the resistence line at 0,1784. Also, we can see a rebound in the bullish trend line at 0,1790 along with a crossover of 9-day (short-term) and 20-day (long-term) moving averages, which is a bullish signal.

Therefore, we can open a long position at market price and set a trailing stop order of 5% to limit possible losses.

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