arash_b

arash_b

currently, XRP is consolidating inside a triangle. we can also witness a high volume of trades around 1.40 $. we can setup a nice trade after break out of both RSI and triangle, or even wait for the pull back to be more sure. targets would be 2$ and 3$ respectively. risk reward ratio 1/6. in case we break down, we can expect a retest of the channels bottom. . p.s:...

arash_b

if EOS can hold its weekly candle above the trend line we can confidently say that long term bearish trend is over and we may hope for its bull run or at least a sideway market for quite sometimes before the bull movement starts. 🤞

arash_b

as it can be seen there is a conjunction between a support level and the channel's bottom hence, the price reacted to this point pretty well. first possible resistance would be around the previously lost support which is also a .78 fib level. if we loose this support level we can expect a fall to the second support level.