MMBTtrader

XRPUSD broke channel and rise or fake breakout and correction ?

BITSTAMP:XRPUSD   リップル/米ドル
Ok again previous analysis target reached soon and sharp movement hit targets :

for now some important major resistance and support zone shown on chart and you can use it for your short or tp or best place for those who lost the huge rise that we mentioned it couple of times on 0.4$--0.6$:

and now we have two possible scenarios:
1.getting back to channel and some correction and rest here that is needed too.
2.retest breakout on two-three upcoming candles and rise as height of previous channel

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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