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! Happy Wednesday all.
I will focus only in the XRPUSD intraday statistics and my price speculation or prediction ahead based from it. That also includes my current trading diary. I repeat that this article only applies to my own personalized trading using the indicators that I prefer and do not reflect the general market condition of the XRPUSD worldwide.
Today’s XRPUSD Intraday Snapshot Analysis will be based on September 8, 2020 trading day’s close at 00:00 UTC time for September 9th.
Chart was screenshot at 6:00PM Philippine time. Courtesy of Tradingview.com
Chart Legends:
The Green Flag represents my XRPUSD long position entry last July 16, 2020
The Long Violet line marks the 2nd Highest Price of XRPUSD
The Long Green line marks the Highest High of XRPUSD since my entry
The Long Yellow line marks my current position’s value
September 8, 2020 Intraday’s key statistics:
Intraday Open – 0.24221
Intraday High – 0.24360
Intraday Low – 0.23096
Intraday Close – 0.23650
XRPUSD Close Trading Price is down by 2.34% for the intraday’s market action
The trading volume reached 57.736M in sell-offs majority
The nearest support is the intersection of intraday’s 100-day SMA and Intraday Low at approximately 0.23088 while the nearest resistance is at 0.24400 level. All are based on the Bollinger Bands indicator for the Intraday.
Overbought-Oversold zones overall score is now 32-23 since my July 16 entry with Bulls leading the Bears in 9.
97% of all XRP traders are still in long position.
50-day SMA for the intraday close is 0.26951 and is higher compared yesterday.
100-day SMA for the intraday close is 0.23080 and is higher compared yesterday.
200-day SMA for the intraday close is 0.21432 and is lower compared yesterday.
My XRP Portfolio Statistics:
My XRP portfolio total profit is 119.77% as of September 8, 2020 close.
100% of my total XRP coins are locked in my XUMM wallet for the upcoming Spark Tokens Airdrop this December 12, 2020.
I got a total of 1 Open trade left which is in a winning position.
My XRP Price Speculations/Predictions:
As the stock markets continued to fall, many investors are keeping their eyes on the crypto markets as their potential safe-haven assets. I expect a new Bull cycle soon.
You may read the news below as a conclusion of my report for today:
As reference, you may also read my report yesterday in case you missed it:
My XRPUSD Trading Diary Plus Intraday Snapshot Analysis For September 7, 2020
Please read again 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!
That’s all for today. Don’t forget to write comments below this article for any corrections, questions or additional info that I might have missed.
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you! HAPPY TRADING.
May the LORD Almighty God bless you and keep you safe always in Jesus name! :-)
