icemansuper

XRP still in a broad trading range, dominance may break down 2%

BINANCE:XRPUSDT   XRP / TetherUS
XRPUSDT
XRP still in a broad trading range, dominance may break down 2% soon.
1. XRP drop down from ATH(1.97) on Apr 14, get double bottom support at 0.51, then retrace to 0.618 at 1.42. Now it's in a broad trading range between 0.88 and 1.42.
2. In the recent 8 week, it makes a HH and HL, which forms a slightly uptrend channel that both bulls and bears respect.
3. It also get support twice from short term Vegas tunnel, say ema144 and ema169, which may attract "Vegas" traders join the bulls for the next time.
4. XRP dominance % is in a decrease triangle pattern, now is about to break down 2%
5. As a conclusion, XRP is likely to continue up and down in the trading range. 1.42 will be the next major resistent level for bulls.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.