Hey guys. just wanted to share my point of view. currently EMA50 is acting as a resistance and holding the price upwards also fib retracement level is doing the same. in my opinion XRP going to break the Trendline and TP1 can be 0.65 but also if it doesn't (seems very hard to go short due the Strong resistance), 0.48 can be a short-term TP for any bearish movement that EMA200 holding it.
Do your own research and don't trade based on the opinion of a random stranger on the internet !!
P.S. when trying to draw trendline, you can get better view with Area type chart instead of Candlestick.
Do your own research and don't trade based on the opinion of a random stranger on the internet !!
P.S. when trying to draw trendline, you can get better view with Area type chart instead of Candlestick.
Comment:
EMA50 is acting as Support, not resistance. wrong vocab up there :D