Hi dear traders
XRP moving in descending channel.
As you can see breakout Ascending channel, but I think this is fake breakout.
We can open short position with suitable R/R.
All targets specified.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
XRP moving in descending channel.
As you can see breakout Ascending channel, but I think this is fake breakout.
We can open short position with suitable R/R.
All targets specified.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
Tp 0.5 hit ✔Note
Save some profit now. The price retest 0.5 area as R/S , if loses this area then next support area 0.618 Fibonacci ( 0.48) .
Let's see what happens
Note
Hi dear traders Price tested the 0.5 area as support.
It is now moving towards the 0.525 resistance, if it breaks this resistance the next targets in the short term are 0.536 and 0.57.
We save porofit in 0.5
Let's see what happens
Good luck
Note
Tp 0.525 hit 🎯Note
Hi dear traders The price bounced back from the 0.525 resistance.
It is now testing the 0.5 area as support. If it loses this area, the price will fall to the support area near 0.48.
For a short position with less risk, you can wait for the breakdown and confirmation of this area.
Let's see what happens
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.