Technical Analysis of XRP - 25th February 2019
Updated
XRP is going to test its previous lows which is an area of major support.
This level was reached two times in the previous months.
This level was formed on the second week of December 2018 and was tested initially on last week on January 2019.
If this support couldn't hold then the market will further go down to the support formed on the second week of August 2018 and tested initially on the second week of September 2018.
The market is then going to be long after this and will approach a resistance zone at around 50-day moving average. If the resistance couldn't hold then the trend will go up to the 100-day moving average or even the 200-day moving average.
This level was reached two times in the previous months.
This level was formed on the second week of December 2018 and was tested initially on last week on January 2019.
If this support couldn't hold then the market will further go down to the support formed on the second week of August 2018 and tested initially on the second week of September 2018.
The market is then going to be long after this and will approach a resistance zone at around 50-day moving average. If the resistance couldn't hold then the trend will go up to the 100-day moving average or even the 200-day moving average.
Trade active
1st Entry Point: .28154 1st Exit Point: .315462nd Exit Point: .33664
3rd Exit Point: .37702
4th Exit Point: Scale in
2nd Entry Point: .25358
75% on 1st 25% on 1st
25% on 2nd
25% on 3rd
25% on scaling in
25% on 2nd
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