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Technical analysis by SaeidKarimzadeh about Symbol XRP on 6/15/2023

https://sahmeto.com/message/3322621
SaeidKarimzadeh
SaeidKarimzadeh
Rank: 14021
1.5
،Technical،SaeidKarimzadeh

Looking back at the previous cycle. price tested the established support 2 times before starting the next big impulsive move up.for this cycle the Establishing support seems to be around (0.1-0.2 usd)one last test of this area would provide an excellent risk reward ratio to formulate a position.price is currently in a bear flag with the target of 0.12 usd. upper range of the bear flag could be tested 1 more time around 60 cents for the eventual break down.the price projections are only for visual purposes. the actual impulse could be a lot larger or even smaller(hopefully not) than that.good luck

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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$0.47816
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