Since the breakout above the 30 EMA on 17th Sep. Ripple had a good development and bullish run toward the resistance line at 3207.
This line was retested twice, but the price didn´t close above it.
An ascending triangle appeared.
Probably there will be a 3rd retest of the resistance line and the likelihood is high of a trend continuation.
In the case of a price rejection, the price could move beyond the rising support line of the triangle and drop.
These are our probabilities and we should consider each of them, before entering a position.
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This line was retested twice, but the price didn´t close above it.
An ascending triangle appeared.
Probably there will be a 3rd retest of the resistance line and the likelihood is high of a trend continuation.
In the case of a price rejection, the price could move beyond the rising support line of the triangle and drop.
These are our probabilities and we should consider each of them, before entering a position.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.