XRP - May the BULLS ever be in YOUR FAVOR!

Horizontal lines are set at basic support and resistance levels. Colors represent the past and future battles between Bulls and the Bears. Will the Bulls push pass resistance at 1.05? I think they have a high probability due to a strong Resistance 0.90. The Bulls have some great momentum. Keep an eye out for this battle of the greats. Good luck trader.

Commentaire:

Fun fact: The triangle that you see here is known as an ascending triangle. the degree at which bottom line placed at support levels are feature come in to contact with a flat horizontal line of resistance. Ascending triangle's are a common pattern used by a frequent amount of traders; both novice and expert.

I have tested only a few times so I am still learning but it has helped me to effectively analyze price action. Hope this helps you!