XRP 1D "How will I spend my summer"
This XRPUSDT review is a continuation of a previous global idea, so it's worth reading it first.
Now, we hope that you understand the logic of thoughts from the previous idea, and let's look at the wedge on the daily timeframe.
We slightly adjusted the edges of the wedge.
The fact that during the May fall the mirrored level of $0.75 withstood the onslaught of sellers and margin calls can be considered positive, and now the trade continues above it.
Safe long we can take after fixing above the XRPUSD price of $1.05-1.10. In this case, you can expect growth to $1.70, where is the next critical level
If the XRP price begins to consolidate below $0.75, forget about the long, because the value of Ripple may fall to $0.40.
The possibility of such an option is not denied by the XRPBTC chart.
The price was unable to break through and gain a foothold above 3800sat. and accordingly headed to 1800sat. This possibility was also warned about in the previous global idea.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Now, we hope that you understand the logic of thoughts from the previous idea, and let's look at the wedge on the daily timeframe.
We slightly adjusted the edges of the wedge.
The fact that during the May fall the mirrored level of $0.75 withstood the onslaught of sellers and margin calls can be considered positive, and now the trade continues above it.
Safe long we can take after fixing above the XRPUSD price of $1.05-1.10. In this case, you can expect growth to $1.70, where is the next critical level
If the XRP price begins to consolidate below $0.75, forget about the long, because the value of Ripple may fall to $0.40.
The possibility of such an option is not denied by the XRPBTC chart.
The price was unable to break through and gain a foothold above 3800sat. and accordingly headed to 1800sat. This possibility was also warned about in the previous global idea.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.