XRP

XRP Analyze with FIBO MAs

By Ali_St | Paradoxal_Investment | 6 Oct 2022


In my first post here, I wrote about how we should use moving averages in our analysis:

https://www.publish0x.com/paradoxal-investment/using-fibonacci-numbers-on-moving-average-xpzjrdn

Now let's analyze xrp with fibo moving averages.

Here's the overview on the daily chart:

XRP_USDT1

Let's zoom in:

XRP_USDT2

As we can see FIBO MAs work greatly one more time! Since 23rd of September coin denied by MA 233 6 times and we will watch closely if it can break over this line! In this case we can talk about 0.66 as new goal.

If not, we can see a turn back to MA 144 which stands at 0.37 today.

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Ali_St
Ali_St

38 years old, economist, trading-addict


Paradoxal_Investment
Paradoxal_Investment

Sharing experience and thoughts on markets and trading after 20 years in traditional stock markets.

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