Bullish break out (XRPUSD)

xrpusd.png

Ripple found support on the Horizontal ray from the March 18th Lower Low and based on that support made a break out on the current 1D Channel Down ( RSI = 42.664 on neutral CCI = -46.1905, Highs/Lows = . With 4H picking up on bullish pace ( STOCH = 71.541, B/BP = 0.0120), we can expect 0.65154 until Friday. Since the 1W support is located just below = 0.46014, it's worth strategically to add long positions (on each of those two supports) for a medium term TP = 0.70894.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin7585.720$1.21%0.38%
BTSBitShares0.202$-0.0%3.18%
ETHEthereum575.745$1.93%-1.93%
LTCLitecoin120.375$-0.04%0.77%
XRPRipple0.615$0.28%0.59%

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