XRPUSD - Supply and Demand Zones
Updated
Quick video update on my expectations for XRPUSD based on Technical indicators and Supply/Demand zones.
I drew in the Fib Retracement and then completely forgot to talk about it. The 'golden' line (Fib 0,618) is something to watch as well. Generally we would want to see it as SUPPORT not RESISTANCE. Currently, it is acting as a resistance line.
Best Regards and Trade Safe
BlockTechEv
I drew in the Fib Retracement and then completely forgot to talk about it. The 'golden' line (Fib 0,618) is something to watch as well. Generally we would want to see it as SUPPORT not RESISTANCE. Currently, it is acting as a resistance line.
Best Regards and Trade Safe
BlockTechEv
Note
After dropping to 79c we now seem to be heading towards a retest for 1.10. Next resistance/supply zone is 1.10Note
Target reached 1.10 but it formed a double top. Still a strong supply zone/resistance. For now I expect sideways trading and then a retest of 1.10
Related publications
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.