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MMBTtrader
14 de Abr. de 2021 16:43

XRPUSD broke channel and rise or fake breakout and correction ? 

XRP / U.S. dollarBitstamp

Descripción

Ok again previous analysis target reached soon and sharp movement hit targets :


for now some important major resistance and support zone shown on chart and you can use it for your short or tp or best place for those who lost the huge rise that we mentioned it couple of times on 0.4$--0.6$:


and now we have two possible scenarios:
1.getting back to channel and some correction and rest here that is needed too.
2.retest breakout on two-three upcoming candles and rise as height of previous channel

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Comentarios
YMGroup
thanks for your chart
jojofang0901
personally I am expecting further upside as long as a continuation correction form :) thx
Fx_Analyzer
Great analysis, thanks for sharing
StevesTradingV
Accurate work, thanks mate ;)
Acrome77
I saw that an inverted hammer is being created in the 4-hour chart. It could be a reversal signal and we could touch the 1.40 - 1.50 range again. I am not an expert and advice is accepted :)
Anyway thanks for the always very complete graphics
MaggieLuzp
You are a blessing to the trading world.
jazerbay
Really liking this view and explanation.
Quality post!
financialflagship
Great job mate, keep it up. 👍
AtlasTrades
exceptional analysis
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