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zomlot
Feb 19, 2018 1:14 PM

XRP ANALYSIS FEBRUARY 19 , 2018 

XRP / TetherBittrex

Description

Prices respect the lower bullish bounce line and the BB indicator is considered a moving support and resistance areas and prices are still above the midline of the index, which signals a continuation of the price rally.
The price has reached a strong resistance area between $ 0.95 and $ 1.17 has been tested many times and the price has not yet been breached.
The RSI indicator on the daily time frame shows us that the price has not yet reached the 70 pips area which is the beginning of the sell.
And we are waiting to break through the resistance zone to ensure that prices continue to rise so that it will face a new resistance zone at $ 1.52 and $ 1.82

Trade closed manually

Comments
zomlot


The daily chart shows us that the uptrend line is not broken
Excellent for the upcoming highs
uzairn
@zomlot, then why did you close the trade? Great analysis thought
zomlot


Weekly time frame shows the beginning of the rise in prices
DavidDank
need real volume to achieve this. Spot on with resistance zones.
zomlot
@DavidDank, I agree with you
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