XRP CHART February 5

Hi Everyone this is Kris and This is My Analysis

BASED ON DAILY MA we are back to earth that last pump and dump was able to revive XRP from HELL and successfully broke out of the previous descending triangle and bring UP XRP above the 100 150 and 200 MA

Previous descending/symmetrical triangle broken edy
as confirmation how descending triangle breakout is traded we use height of previous descending triangle as reference. 0.75 is a projection from the step thats'why it hit 0.75...
settling on 0.64 is projection from previous descending

Currently i think market is respecting this trend line resistance(i Encircled the points)

HAPPY TRADING EVERYONE


##########################################################################################
DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
##########################################################################################
If you see this helpful you can help me push my trading studies by donating on this Address:
USDT TRC20 Address TDiZ1AaHFSYG6F66TAss8tnU3rzNPXfQZa

評論:

Considering the factor of SEC NEWS
GOOD: the next step is around the resistance 0.75-0.8 then consolidate then break out
BAD: step down again to hell