jonathanvn

My resistance levels if Ripple continues its breakout

KRAKEN:XRPEUR   XRP / Euro
There is no bullish pattern confirmation, nor supper bullish volume movement...
But, there is a rapid moving RSI , increasing positive volume and an big breakout in its bearish triangle to the upside.
You can see how I confirmed that by my previous idea:

However there can be more volume . I don't think it will get loads of attention now immediately, but it will come.
In my eyes it is very healthy to have a correction towards 0.252 but anything much below that with a weekly close will call a fakeout imo.

Also on daily chart the 50EMA is very close to crossing the 200EMA...

My updates such as entries and targets come on my other idea as mentioned.

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