DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Today, I change my chart’s theme color into dark and I love the way it looks. :-)
I am reminding my dear readers and followers that all content from this article and my previous technical analysis are all my own personal views and does not guarantee profits. I am doing all my best to express my own analysis using the indicators that I have chosen.
My 7 XRPUSD open long trade positions have already entered its 35th day of holding at the time of writing this article.
As of today, my July 16, 2020 entry at 0.19-cent level is now enjoying a total net profit of 43.76%.
Chart was screenshot at 9:08PM Philippine time. Courtesy of Tradingview.com
Today’s Intraday open is 0.28977, high 0.29275, low 0.28461 and current price based on my screenshot is at 0.29072. XRPUSD has gained footing today, up by 0.35% while both rivals BTCUSD and ETHUSD have also recovered some small gains at 0.24% and 0.61%. A quiet trading volume today sitting at 25.885 Million.
Meanwhile, Binance top 10 cryptocurrencies stats for today with only BNB coins in green.
Image Courtesy of Binance.com images
I am seeing a comfortable support zone at 0.27 level.
If the bulls hold the 0.28 level, I hope they will, just like do or die, we can expect a 0.29-0.30 breach.
So far bulls in control today. With overbought-oversold score of 23-13 still in bulls’ favor. For long traders like me, this indicator helps me decide when to buy more. :-)
Long traders don’t fear short term losses like I do. They have already set their grounds.
I am closing my today’s report with another yet controversy for Ripple Labs’ CEO. Another one? Again? Sigh… :-(
Did Ripple Scrub CEO Brad Garlinghouse’s Wikipedia Page of Controversies?
I am not seeing this has impacts on the XRPUSD but we will take a look on tomorrow. So keep watch.
As reference. You may read my yesterday’s report here:
Daily XRPUSD Technical Analysis – August 19, 2020
If you know how to read charts, you won’t lose the battle of trading. The charts are our friend. Listen to them. They are screaming loud and clear. We just need to listen.
Of course do fundamental news research too.
That’s all for today. Don’t forget to write comments below this article for any corrections, questions or additional info that I might missed.
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you! :-)
HAPPY TRADING!
