Cannot use Ichimoku because it is going sideways. Can use Fibonacci - if is closes above $31.86, I think, price goes to $36.
If Daily Candle closes above 94.2 FIB, then we go to 41K. If price reached 88.6 FIB and does not close above 94.2 FIB, then we drop to 78.6 FIB, 61.8 FIB, 50 FIB, 32.8 FIB...u get the picture I am showing 3H chart as i like to see price honoring FIB levels
The way I see it in case more "bad" news comes out! XRP may drop to 12 cents
The way I see it in case some good news comes out! XRP may jump to 39 cents
Based on FIB and Ichimoku it should get back to 78.6 and 88.6 FIB
8-22-2020 closed below 94.2 Fib - drops to 78.6 FIB. In case it closes above 94.2 FIB then it goes to 100 FIB and then to 127 FIB.
Equilibrium is @ 92.745, and major resistance is 92.8
We are at 88.6 Fib, going down to 78.6.
We are in a triangle. Has to break triangle, pull back and find support at a triangle trend-line in order to reach next level.
Daily candle Has to close above green line to LONG or below red line for SHORT
Short until green line then long OR long above red line
Long if H4 candle closes above green line Short if H4 candle closes below red diag line and/or red horizontal line