DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Hello everyone!
I have entered my 45th day of trading XRPUSD.
My portfolio is up by 32.21% compared with yesterday’s 30.50%.
Chart was screenshot at 9:13PM Philippine time. Courtesy of Tradingview.com
Intraday’s key statistics:
Intraday Open – 0.27193
Intraday High – 0.27712
Intraday Low – 0.26885
Intraday Current (based on my screenshot) – 0.27228
XRPUSD is up by 0.22% at the time of chart screenshot
Today’s trading volume is 13.90 Million.
XRPUSD’s next short-term resistance is 0.28.
While short-term support is at 0.26.
Doji candle formed at the time of chart screenshot.
I have added another helpful indicator today. Anyone can guess that? Please feel free to comment below! :-)
I find this indicator good for short-term trading. I will discuss its advantages and disadvantages in my future analysis. So stay tuned. ;-)
The King coins are in split. Bitcoin dropped 0.53% just below the 11,500 level while Ethereum up by 0.73% edging nearer to the 400 mark.
Meanwhile in Binance exchange, only LTC in red for our top 10 cryptocurrencies of the day.
Image Courtesy of Binance.com
Overbought-Oversold Zone:
Despite today’s low trading volume, Bulls controlled the pace as buyers hold the 0.27 cent level making an overall score of 27-18 still in their favor. What are the Bears’ plan? We’ll see in the coming trading days.
Still 96% clients go long for XRPUSD.
Image courtesy of Dailyfx.com
There are only 2 days left before September approaches, what could be the exit price of the XRP for the month of August? We’ll keep an eye on that. ;-)
If you missed my report yesterday, you may read it here:
Daily XRPUSD Technical Analysis – August 28, 2020
Don’t forget to read my disclaimer above!
As always, 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. Do your own research before buying is the best thing to do. Lots of it!
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you! :-)
HAPPY TRADING!
like u! haha