#XRPEUR has been building up a solid uptrend channel
Hello all,
According to XRP prior moves, this is one of the cryptocurrency to pay close attention to this year. We can see this crypto has been building a solid uptrend channel against the euro and it's likely to break the 4H linear resistance.
Once the linear resistance is gone the next ceiling can be expected at the channel resistance again. That area shows perfect confluence with the measured move as you can see. Before we call yellow bananas the swing high needs to be broken.
Most of you traders know we don't care about fundamentals and in the crypto world this is even more important. It's all about coin strength, team, potential and supply vs. demand.
Good luck!
According to XRP prior moves, this is one of the cryptocurrency to pay close attention to this year. We can see this crypto has been building a solid uptrend channel against the euro and it's likely to break the 4H linear resistance.
Once the linear resistance is gone the next ceiling can be expected at the channel resistance again. That area shows perfect confluence with the measured move as you can see. Before we call yellow bananas the swing high needs to be broken.
Most of you traders know we don't care about fundamentals and in the crypto world this is even more important. It's all about coin strength, team, potential and supply vs. demand.
Good luck!
Comment:
As long as the pointed zones stay respected the price is likely to rocket.
