XRPUSD next possible move
With the recent touch of our closest resistance in 0.31290 and fulfilling the continuation of the pattern since 2 years ago, now we may expect a little correction in order to begin our way up, we must keep looking at the Weekly PA to confirm how much further from the Fib we may go, i have one main bullish scenario.
these steps must be completed to validate it.
1. will see another leg down at least to 0.24 price (68.1% fib level) which is also support.
1.1 could go further to 0.212 price (78.6% fib level) and still be a valid scenario
I WILL ENTER LONG HERE
2. price pattern once reached these levels must show enough regained bullish momentum backed with volume, a possibility is price will touch the previous broken pattern, and keep all the way up to try to break the bigger trend again.
3. if the odds are good enough, we could see an interesting upcoming weeks.
this analysis and notes are for myself, please take what you want from them.
these steps must be completed to validate it.
1. will see another leg down at least to 0.24 price (68.1% fib level) which is also support.
1.1 could go further to 0.212 price (78.6% fib level) and still be a valid scenario
I WILL ENTER LONG HERE
2. price pattern once reached these levels must show enough regained bullish momentum backed with volume, a possibility is price will touch the previous broken pattern, and keep all the way up to try to break the bigger trend again.
3. if the odds are good enough, we could see an interesting upcoming weeks.
this analysis and notes are for myself, please take what you want from them.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.