MMBTtrader

XRPUSD strong support zone arrived

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
As we talked about it this area was strong support zone and last support left for xrpusd and with correction of bitcoin this support touched on xrpusd too and market is gaining strength for a little rise on price .

channel lower side and support of 1$ touched and we may expect rise to the targets that green path is mentioning on chart.

Notice :now price is near resistance of channel and may face correction and again some more correction but we would expect breakout of channel too and huge rise after that .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

Your analysis and explanations have taught me a lot. This is what I love about this community. Thanks man :)
+1 Reply
Great analysis! I expect more correction too
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Great analysis! But would 1.14807 be a good entry point for a buy trade? Would a stop loss at 1.10000 (thereabout) give a good breathing space for any temporary down trend?
Reply
Thanks
Reply
Looking at a similar plan myself!
Reply
Quality content, thanks for sharing. 🔥🔥
Reply
Nice chart here
Reply
Good content💪
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