XRP is in consolidation mode having support of EMAs, price volume and trend line, also very near to break ascending triangle. I will recommend don't be aggressive and wait for breakout and then retest confirmation. Good Luck and Happy trading!
Disclaimer: Not a financial advise. This is only for educational purposes . Kindly hit the thumbs up button and follow for more updates if you like the idea.
Sorry I m new. But please how how to grab the break out through EMAs? What is retest. If you kindly explain?
kazimusman
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@a4asadh, its a deep concept. Kindly watch some videos on moving averages(MA) and exponential moving averages(EMA). look for these answers, what is the difference b/w MA and EMA? most important moving averages settings. and how price action behaves when multiple EMA/MA crossover?
Mainly there are two types of support and resistances. Static and Dynamic. Dynamic support/resistance changes with time. These type of support/resistance can be seen through trend lines and MA/EMAs etc. static support/resistance doesn't change with time and you can see those through horizontal lines. First try to understand the concept of moving averages then go for break out theory. I hope it helps you.