Technical analysis XRPUSD for 19.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument adjusted to the upper border of the cloud. The closest resistance is the level 0.7610. The closest support is the level 0.7350
Key levels
- 0.8060, 0.7820, 0.7610, 0.7350, 0.7100, 0.6850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.7610, with Take Profit of 0.7820 and Stop Loss of 0.7490
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.7350, with Take Profit of 0.7100 and Stop Loss of 0.7490
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.