Long

XRPUSD - Preparing it's next pump

Updated

I see a clear butterfly with a double bottom pattern, first need to backtest 0.80-1.00 level before going to the upside.

This is not financial advice.

Note

Update: Price has backtested 1.40 support level, we will not see a corrective way to 0.8-1.00.

Note

Update: Price has been rejected at 1.60, we saw a 0.702 fibonacci retracement in last day's price action. I still think we will revisit 1.00-1.20 before heading up.

Note

Going in an uptrend now, we're still inside a range, if we break out above 1.75, 2.30 is next.

Note

Update: my initial idea was correct. Now up up up we go :)

Related publications

XRPUSD - Showing early signs of a pump

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.