XRP - 2021 starting beautifully
Updated
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
4hour XRP
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal .
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone.
What happened Saturday 30th January 2021 or Sunday for APAC weekend session?
We saw the price touch into the imbalance zone of 0.51XX
Price has created a new imbalance at $0.38 whereby the previous liquidity supplies acted as the range top on multiple occasions, however this has now become a demand imbalance where price will look to for further touches for longs.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long despite the recent XRP issues with coinbase and US regulations.
See the original idea here:
![XRP long [2021-2022]](https://s3.tradingview.com/u/ugjyrbPq_mid.png)
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
As with the Cryptocurrencies - expect this take gain further traction.
Zones to watch next.
$0.61 - 0.65
Expect targets to be $0.80 and for longer term investment methods up to $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
4hour XRP
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal .
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone.
What happened Saturday 30th January 2021 or Sunday for APAC weekend session?
We saw the price touch into the imbalance zone of 0.51XX
Price has created a new imbalance at $0.38 whereby the previous liquidity supplies acted as the range top on multiple occasions, however this has now become a demand imbalance where price will look to for further touches for longs.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long despite the recent XRP issues with coinbase and US regulations.
See the original idea here:
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
As with the Cryptocurrencies - expect this take gain further traction.
Zones to watch next.
$0.61 - 0.65
Expect targets to be $0.80 and for longer term investment methods up to $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Note
$0.80 incoming as expected
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