Practice Support and Resistance for Technical Analysis

 Ripple (XRP):

• RSI is stabled on 40 on daily timeframe which is good 

• There is strong support on  $0.48

• A retest of $0.70 - 0.75 support is expected 

• If it breaks the triangle upwards, the price can continue to $1 in the coming days.

Stellar Lumens (XLM):

• Price is consolidating between $0.2 and $0.24

• Currently testing $0.2 support, if it does not hold on to it, $0.17 might be coming

• RSI heavily dropped from oversold zone and consolidating

• $0.23 can be a good entry if price continues upwards

XinFin (XDC):

• Good bounce is showing on RSI with smooth rise 

• Price is consolidating between $0.05 to 0.06 for the last couple of weeks

• A good retest of $0.04 is expected before the breakout

IOTA (MIOTA):

• RSI is in consolidating phase

• Price is also consolidating between $0.6 - $1

• Currently towards the test of $0.6 support before moving towards $1 price target

• Price is consolidating between the mentioned range from mid January

ALGORAND (ALGO):

• Strong support $0.66 and a retest is expected soon

• RSI is in consolidating phase and standing on 40

• After retesting, the price can reach the target of $1 before breaking the triangle. 

NOTE:

All analyses are purely for educational purposes only and not Financial Advice. Do your own research before investing in anything. 

All analyses are subject to change depending on news and geographical events.