✴️ XRP Bounces Perfectly Off Support, Resumes Growing
"XRP | Short-Term Drop Followed by Additional Growth!", this is the title of the trade idea shared 10-June.
I am back and this time to remind you or to notify you that this "short-term drop" is likely in and XRPUSD is set to continue growing.
I am looking mainly at three details on this chart in favor of this assumption.
1) XRPUSD continues trading above the long-term MA200 indicator.
2) Today's session has a long lower wick below EMA100 (blue) and moving back above it. A close above this level, very likely, is ultra bullish. Bitcoin already grew by more than 1,000USD today.
3) Perfect bounce off the Fibo retracement level.
These three to me paint a strong bullish signal.
For traders, a tight stop-loss, manual, can be set below 0.45600 and then push hard up. Very low risk and the upwards potential is ultra strong based on the long-term.
Additional support can be found at MA200 (0.42500). Any trading above these two levels and the bullish bias is super strong for XRPUSD.
Namaste.
I am back and this time to remind you or to notify you that this "short-term drop" is likely in and XRPUSD is set to continue growing.
I am looking mainly at three details on this chart in favor of this assumption.
1) XRPUSD continues trading above the long-term MA200 indicator.
2) Today's session has a long lower wick below EMA100 (blue) and moving back above it. A close above this level, very likely, is ultra bullish. Bitcoin already grew by more than 1,000USD today.
3) Perfect bounce off the Fibo retracement level.
These three to me paint a strong bullish signal.
For traders, a tight stop-loss, manual, can be set below 0.45600 and then push hard up. Very low risk and the upwards potential is ultra strong based on the long-term.
Additional support can be found at MA200 (0.42500). Any trading above these two levels and the bullish bias is super strong for XRPUSD.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.