Starting the Crypto Signals Service with Ripple
We have started covering the Cryptocurrencies recently with market updates but we haven’t issued any trading signals yet.
Today we started issuing signals for this new market and we´re targeting Ripple (XRP).
The 50 SMA held again this time
As you can see from the hourly chart above, the stochastic indicator was oversold a few hours ago and it is turning up now. Besides that, the 50 SMA (yellow) was providing support all morning.
The 20 SMA also provided support on the H4 chart
Switching to the H4 chart, the picture seems a bit bearish here considering that this chat is heading down, but stochastic is almost oversold and the we see that the price has reversed higher every time it has been oversold, apart from late last week during the Crypto market crash.
Apart from that, the area around 0.1830 which was the low today has been providing support before and it is providing support again today. At the moment, this crypto signal is in profit so fingers crossed.
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