XRP (RIPPLE) Airdrop and descending channel
XRP/USDT
Hello guys
-The Airdrop news (SPARK token) dumped the price hard last few hours ..this drop short term is expected ( buy the rumors sell the news )
Its normal market behavior no thing to
worry about in long term until now
Now we can see in chart :
-Descending channel is detected clearly
Which is Bullish pattern
-The price rested the upper trendline 5x times
-Price between 50 EMA (dynamic resistance)
And 200 EMA (dynamic support)
-RSI is bullish and show bullish divergence
the most safest approach is to buy only after clear breakout of channel and EMA 50...if that ONLY happen according to our strategy we can set a nice buy orders with potential targets 0.7$ short term and more
Good luck and thanks for support ✅😊
Hello guys
-The Airdrop news (SPARK token) dumped the price hard last few hours ..this drop short term is expected ( buy the rumors sell the news )
Its normal market behavior no thing to
worry about in long term until now
Now we can see in chart :
-Descending channel is detected clearly
Which is Bullish pattern
-The price rested the upper trendline 5x times
-Price between 50 EMA (dynamic resistance)
And 200 EMA (dynamic support)
-RSI is bullish and show bullish divergence
the most safest approach is to buy only after clear breakout of channel and EMA 50...if that ONLY happen according to our strategy we can set a nice buy orders with potential targets 0.7$ short term and more
Good luck and thanks for support ✅😊
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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