XRP "Short" Going Back To Retest Longterm - My First Post
Dear friend,
Welcome to Bta's analysis of the day.
After seeing how XRP is going and i've been winning a lot of my trades, I would like to show some insights of where XRP may be going.
On the first insight I predicted
https://imgur.com/a/4kHu2Vm
First off XRP is showing a strong resistance line around 0.3417. Breaking the trendline and going back to retest the resistance line shown in the picture. I truly believe it will go back to 0.323-0.326 for the day to retest our long term trendline. I have resistance zones, so you can put a stoplost above there to ensure less risk.
Looking at the 1H Chart it has been closing under the 100 EMA, so there will be heavy resistance there. The buy volume is slowly decreasing showing that the bulls aren't as strong.
I have already plotted two zones one resistance zone at 0.33800 and my support level will be around 0.326
In the short term "praying" at the end of the day we will be going back to retest 0.326 and then hopefully have a bounce from there.
If you want to learn more on how I get in-depth you can follow my youtube channel at: youtube.com/channel/UCHR7FPkXv745IPJlDDApHww?view_as=subscriber
Starting next week I will be posting my trades and psychology of whats making the price go down I will explain why Bitcoin will be going down to 1200.
You can also follow me on instagram - @thecryptocurrencyspot
Or if you want more details, you may go to short webclass on how I made a 7-figure crypto business from scratch: thecryptocurrencyspot.com/getstarted
Welcome to Bta's analysis of the day.
After seeing how XRP is going and i've been winning a lot of my trades, I would like to show some insights of where XRP may be going.
On the first insight I predicted
https://imgur.com/a/4kHu2Vm
First off XRP is showing a strong resistance line around 0.3417. Breaking the trendline and going back to retest the resistance line shown in the picture. I truly believe it will go back to 0.323-0.326 for the day to retest our long term trendline. I have resistance zones, so you can put a stoplost above there to ensure less risk.
Looking at the 1H Chart it has been closing under the 100 EMA, so there will be heavy resistance there. The buy volume is slowly decreasing showing that the bulls aren't as strong.
I have already plotted two zones one resistance zone at 0.33800 and my support level will be around 0.326
In the short term "praying" at the end of the day we will be going back to retest 0.326 and then hopefully have a bounce from there.
If you want to learn more on how I get in-depth you can follow my youtube channel at: youtube.com/channel/UCHR7FPkXv745IPJlDDApHww?view_as=subscriber
Starting next week I will be posting my trades and psychology of whats making the price go down I will explain why Bitcoin will be going down to 1200.
You can also follow me on instagram - @thecryptocurrencyspot
Or if you want more details, you may go to short webclass on how I made a 7-figure crypto business from scratch: thecryptocurrencyspot.com/getstarted
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