XRP Breakout of the flag - possible gains ahead
Hello readers,
In the chart I have observed a triangle in which many alts are currently, ADA for example. Here we saw some bullish movement thanks and we observe more buyers than sellers which led to breaking out of the triangle to the upside. Now we are above the triangle with the 50 ema and 200 ema crossing on the 2h chart. On the 1h chart we have the 200 ma around 3233 so we will need to brreak it and hopefuly find support to move upwards.
On top of that we have very bullish news with airdrop from Xrp which will give us a new cryptocurrency named Spark, thus many investors may eye this as an opportunity to gain some new cryptocurrency for holding xrp during the snapshop. Afterwards we might see a selloff but I do not expect it to go very low.
Best of luck
this is not financial advice, trade at your own risk@
In the chart I have observed a triangle in which many alts are currently, ADA for example. Here we saw some bullish movement thanks and we observe more buyers than sellers which led to breaking out of the triangle to the upside. Now we are above the triangle with the 50 ema and 200 ema crossing on the 2h chart. On the 1h chart we have the 200 ma around 3233 so we will need to brreak it and hopefuly find support to move upwards.
On top of that we have very bullish news with airdrop from Xrp which will give us a new cryptocurrency named Spark, thus many investors may eye this as an opportunity to gain some new cryptocurrency for holding xrp during the snapshop. Afterwards we might see a selloff but I do not expect it to go very low.
Best of luck
this is not financial advice, trade at your own risk@
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