Husain_Zabir

Ripple #XRPUSD at a breakout level

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Hey guys welcome back again,

As you can see in this chart we are trading at a very critical price level. We have broken out of the ascending triangle but got rejected at the daily trend line .If we manage to break above which is very likely because we are getting strong buy signal from 21EMA & 52EMA crossover as well as Macd which is further supporting our prediction. So if we break above the trend line and close a daily candle above the trend line i think we will chase down our targets. If we don't break above the daily trend and get rejected i think we will just move sideways and stay inside the triangle until further price action.

Disclaimer:- This not a financial advice just a opinion.

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Comments

Good analysis....thanks for sharing
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VeryNiceWork
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