Descending Triangle

23 thg 2

Although this is the most bullish we've seen XRP, it's notorious for parabolic pump and dumps.

It's been hitting it's head on this red trend line for over a month.

With a recent break above $2.52, it's now using that price point as support. But now forming a descending triangle.

I would wait for either the white support line or red resistance line to break before making any trades.

MACD on 1D is going from bullish to neutral/bearish.

-JumpStartCrypto

24 thg 2

Ghi chú

Zooming in now, $2.52 - $2.56 is medium resistance area now.

26 thg 2

Ghi chú