*Plz refer to the previous ideas. still using the same Fibo frame.
With the correction of BTCUSDT & high possibility for BTC dominance↑,
it seems that XRP price may go down for the 0.618 level test before going back to 0.5 level.
Here's simple forecast for the next movements;
- After touching down 0.618 & rapid retrial for 0.5 level
- After touching down 0.618 & another pullback test for 0.786 level
The Fibonacci retracements levels in day trading have quite high reliability, believe.
Thank you.
With the correction of BTCUSDT & high possibility for BTC dominance↑,
it seems that XRP price may go down for the 0.618 level test before going back to 0.5 level.
Here's simple forecast for the next movements;
- After touching down 0.618 & rapid retrial for 0.5 level
- After touching down 0.618 & another pullback test for 0.786 level
The Fibonacci retracements levels in day trading have quite high reliability, believe.
Thank you.
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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.
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.