moon333

Ripple (XRP) Bounced From Support Of Big Triangle And Broke Out The Channel

Ripple (XRP) Bounced From Support Of Big Triangle And Broke Out The Channel

 

Hi friends, hope you are well, and welcome to the new update on XRP.

Big triangle:
On a weekly time frame, XRP is bounced by the support of a big symmetrical triangle. There is also a strong support of 100 simple moving average below the support of triangle.

80S821HQ

Broke out the channel:
On a daily time frame, XRP has broken out a down channel . Now it is testing a strong support zone from $0.85 to $0.75. While trading this channel, we can also use $0.75 as stop loss as well. After this breakout there is a high probability that soon XRP will also break out a big triangle on the weekly time frame.

MyeBRc8d

 

 

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

 

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

 

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882 

 

 

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

How do you rate this article?

6


moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?