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MBM_Crypto
Mar 31, 2023 1:40 PM

XRP - Keep an eye on this level!  Long

BINANCE:XRPUSDT60
XRP / TetherUSBinance

Description

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Here's a quick look at the 1 hr. XRP.
The idea is: Buy when the price breaks above 0.55$ and take profits at the levels shown in the chart.

Targets:

1. 0.557$
2. 0.565$
3. 0.583$
4. 0.596$
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Trend AnalysisChart PatternsBeyond Technical AnalysisxrpxrpusdXRPUSDTXRPBUSDXRPBTCBullish PatternsBearish Patterns
Comments
Muhammad_Ali34
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sorry bro but the whales is knowing it is support area
MBM_Crypto
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@Muhammad_Ali34 it broke to upside and met target 1 and came back down
mineveca021
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That descending triangle doesn’t leave much hope of a breakout
MBM_Crypto
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@mineveca021 we take what the market gives us ☺️
Acaronii
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So much for that breakout. Got rejected quickly. If it manages to stay in support level (or above), then look for your targets. If not, then momentum is gone.
MBM_Crypto
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@Acaronii it had a quick breakout where it went up and met TP1 and almost TP2. But it came back down quickly.

The thing is that in bear markets you play with way more risk. The market is very unforgiving and this is a great example - a quick break to the upside and back down at same pace.
Acaronii
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@MJI786, Holy crap! Just updated your chart and it went below the support level you saw. I thought it held for a bit in TP1 and TP2 when I read your comment but it went up and down in less than 1h. Time to trace a new horizon. My guess is it will keep dropping to other lower platforms because BTC took a big hit. I smell blood this week!!

$0.45-$0.46 has a wide support level.
MBM_Crypto
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@Acaronii, Indeed. We are going lower for sure
Tolberti
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Thanks for your analysis, it's a good idea!
MBM_Crypto
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@Tolberti, You're Welcome :)
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