GOAT1375

Break Resistance Like XRP

شراء
BITSTAMP:XRPUSD   ريبيل
Hi, I updated you yesterday about the backtest of both trendline and the support level that we have done. I told you we are going to break the resistance $0.635-0.64 and we have done that too. We are now on our way to the multiple years resistance $0.75-0.78. We have not reached there yet, but I expect if we get rejected from the resistance $0.75, then we are going to see a pullback to backtest the support level $0.64. The RSI is already above 70 and that tells us we have a bullish structure, but we have also resistance in RSI around 76. I have good news too ;) For the first time in 2.5 years we closed a weekly candle above $0.625. If we break the resistance $0.75 then we are ready for $1 ;) So be prepared and don't PANIC.
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