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

By moon333 | moon333 | 31 Dec 2021


 

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.

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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.

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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.

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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.

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