XRPUSD keylevel
Updated
Ripple is one of a bullish coin that perform a nice channel up pattern.
If you are holding ripple, or wanna jump in to follow bullish market, there is several key level that u need to know.
1. Minor resistance (bullish key level)
0.5493 become strong resistance for ripple, If this resistance break up, Ripple ready to move in a strong bullish wave to reach channel up resistance around 0.5944
2. Channel up resistance (bullish target)
If minor resistance broken, bullish target at channel up resistance at 0.5944. This resistance also as fibonacci 1.272 bullish projection and also as previous resistance.
3. Channel up support (bearish key level)
If 0.5493 cannot broken, Ripple will back to channel up support at 0.5321. This is martingale point if you wanna double your long volume. But careful, this level also as bearish key level if it break down, you can use stoploss few point below
4. Major support
0.4905 as major support for ripple, if channel up support break down, Ripple will perform another bearish wave to reach this level.
I will update more about this analysis, make sure you support this analysis to get a quick notification of any update. Happy trading, and see u at next analysis. Bye
If you are holding ripple, or wanna jump in to follow bullish market, there is several key level that u need to know.
1. Minor resistance (bullish key level)
0.5493 become strong resistance for ripple, If this resistance break up, Ripple ready to move in a strong bullish wave to reach channel up resistance around 0.5944
2. Channel up resistance (bullish target)
If minor resistance broken, bullish target at channel up resistance at 0.5944. This resistance also as fibonacci 1.272 bullish projection and also as previous resistance.
3. Channel up support (bearish key level)
If 0.5493 cannot broken, Ripple will back to channel up support at 0.5321. This is martingale point if you wanna double your long volume. But careful, this level also as bearish key level if it break down, you can use stoploss few point below
4. Major support
0.4905 as major support for ripple, if channel up support break down, Ripple will perform another bearish wave to reach this level.
I will update more about this analysis, make sure you support this analysis to get a quick notification of any update. Happy trading, and see u at next analysis. Bye
Trade closed: target reached
Nail it again,.. Perfect breakout strategy with perfect exit position.Price down nicely after touch my take profit.
See u again at next analysis.
If you have any request analysis at any coin, do not hesitate to comment.
Hapy trading, bye.
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