Paradoxal_Investment

XRP Analyze with FIBO MAs

XRP

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.

How do you rate this article?

0


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.

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?