Hi dear traders
Today we will examine the movement of XRP.
The price is moving inside the descending wedge.
The 0.45 resistance zone is ahead in the long term.
After each price drop, buyers tried to bring the price back above the EMA100 near 0.39.
If the lower side is broken, the probability of the price falling to the support area is 0.35.
If the upper side of the wedge is broken, we can expect the 0.45 area to rise.
Profit with volatility.
The descending wedge is formed by the formation of the ceiling and the higher and lower floors.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Today we will examine the movement of XRP.
The price is moving inside the descending wedge.
The 0.45 resistance zone is ahead in the long term.
After each price drop, buyers tried to bring the price back above the EMA100 near 0.39.
If the lower side is broken, the probability of the price falling to the support area is 0.35.
If the upper side of the wedge is broken, we can expect the 0.45 area to rise.
Profit with volatility.
The descending wedge is formed by the formation of the ceiling and the higher and lower floors.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Comment:
Wait for breakout then entry for short position
Tp1 0.3721
Tp2 0.3688
Tp3 0.355
Let's see what happens