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parissap
Sep 2, 2022 4:56 AM

XRP bearish flag Short

XRP / TetherUS PERPETUAL CONTRACTBinance

Description

#XRP/USDT
XRP is trading inside ascending channel and price is above lower zone of this channel.

🐮 breaking out from resistance zone of $0.34 will increase price to upper resistance zone which is the same with middle zone of the channel.

🐻 break down from lower zone of channel will active bearish flag pattern and possible to drop price to support zone around $0.3 and $0.26.
Comments
baliwat
any update
parissap
@baliwat, price is still inside channel and it seems ready to break out from resistance zone to head up toward middle zone of channel
baliwat
@parissap, that's why i just Scalp this market , I don't hold positions too long because market is volatile.
HAMED_AZ
Great idea
parissap
@HAMED_AZ, thank you
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