Ripple continuing upward trend
XRP/USD is consolidating towards the red trendline.
I expect it to bounce up from the trendline within the time frame of roughly 24 hours.
Watch out for the current channel (purple) meeting the trendline and breaking out upwards with a solid bar, closing 30m above the channel. However, in my opinion, any buy between 1.05 and 1.10 USD even now should be fine. Just my idea, please do your own due diligence...
Target could be the 1.618 Fibonacci retracement around 1.50 USD.
I expect it to bounce up from the trendline within the time frame of roughly 24 hours.
Watch out for the current channel (purple) meeting the trendline and breaking out upwards with a solid bar, closing 30m above the channel. However, in my opinion, any buy between 1.05 and 1.10 USD even now should be fine. Just my idea, please do your own due diligence...
Target could be the 1.618 Fibonacci retracement around 1.50 USD.
Note
Alright, adjustment: I think it will look more like this:Note
Lesson learned: I did not see the channel...!Note
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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.