Xrp Analysis
Looking back at the previous cycle.
price tested the established support 2 times before starting the next big impulsive move up.
for this cycle the Establishing support seems to be around (0.1-0.2 usd)
one last test of this area would provide an excellent risk reward ratio to formulate a position.
price is currently in a bear flag with the target of 0.12 usd. upper range of the bear flag could be tested 1 more time around 60 cents for the eventual break down.
the price projections are only for visual purposes. the actual impulse could be a lot larger or even smaller(hopefully not) than that.
good luck
price tested the established support 2 times before starting the next big impulsive move up.
for this cycle the Establishing support seems to be around (0.1-0.2 usd)
one last test of this area would provide an excellent risk reward ratio to formulate a position.
price is currently in a bear flag with the target of 0.12 usd. upper range of the bear flag could be tested 1 more time around 60 cents for the eventual break down.
the price projections are only for visual purposes. the actual impulse could be a lot larger or even smaller(hopefully not) than that.
good luck
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.