Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ripple (XRP).
The chart is self-explanatory. I am using the Fibonacci Retracement to identify my scenarios along with the resistance at S/R lines and Ichimoku Cloud. Keep a close eye on the RSI and MFI as they are headed into the Resistance line soon.
Shown in the chart: Trend line, Support and Resistance Trend Line, Relative Strength Index, Money Flow Index, Fibonacci Retracement, EMA Ribbons, Simple Moving Average, Ichimoku Cloud, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Check out my recent Bitcoin chart in the related ideas below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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Ichimoku Cloud resistance held price down. That's why Ichimoku Cloud is a good tool to have in charting!