XRPUSD Trade somewhere else for now.......
Updated
XRPUSD (Kraken) Forecast. Strong winds from the north putting pressure on the pair.
This alt seems to be just silently trading between 0.89-0.91 level lately.
On the hourly chart it is slowly forming a wedge still on the bear side. However, its RSI is telling a different story. But it not going to break out soon.
On the 4 hour chart. It is doing the same thing. Wedge forming. Same RSI reading with the hourly chart.
On the daily chart. It appears to be close to hitting a trendline.
It is however trading below the (0.23%) level on the Fib. That’s a bit of concern.
But it is also oversold and Its RSI however is hugely skewed.
Ideally this should go up in the next couple of days (3/4-5). Alternate scenario this gets oversold and breaks trendline and goes down but that is the least likely scenario. However, this is Crypto market so who knows.
Trade somewhere else for now or park your money here but it’s not going anywhere in the next couple of days.
Target $ 1-1.2 (its going to be a slow climb).
This alt seems to be just silently trading between 0.89-0.91 level lately.
On the hourly chart it is slowly forming a wedge still on the bear side. However, its RSI is telling a different story. But it not going to break out soon.
On the 4 hour chart. It is doing the same thing. Wedge forming. Same RSI reading with the hourly chart.
On the daily chart. It appears to be close to hitting a trendline.
It is however trading below the (0.23%) level on the Fib. That’s a bit of concern.
But it is also oversold and Its RSI however is hugely skewed.
Ideally this should go up in the next couple of days (3/4-5). Alternate scenario this gets oversold and breaks trendline and goes down but that is the least likely scenario. However, this is Crypto market so who knows.
Trade somewhere else for now or park your money here but it’s not going anywhere in the next couple of days.
Target $ 1-1.2 (its going to be a slow climb).
Trade closed: target reached
Target reached. XRP 1.09
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