XRPUSD Gathering Strength broken downward trend bull strike soon
HI everyone,
XRPUSD has its long term accumulating and now broken downtrend.
XRP is still in accumulation area which can last upto .75 cents as you can see in the channel.
After the breakout of 75 cents, i am expecting a strong rally in XRP as i believe it is an institutional grade product and they are coming for solid product and what else to buy than a long boring accumulation and no interest from Retail.
On 3day chart, the rsi has clearly broken out from downward trend
Also, if you look into pairing with btc, you will see it is trying to hold support at double bottom.
if successful, it can get strong momentum till december and beyond.
As a target, i am expecting a minimum hit of 1.50 as a target which is in between .618 and .786 fib level.
Have a nice day and best of luck trading this pair at your own due diligence
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XRPUSD has its long term accumulating and now broken downtrend.
XRP is still in accumulation area which can last upto .75 cents as you can see in the channel.
After the breakout of 75 cents, i am expecting a strong rally in XRP as i believe it is an institutional grade product and they are coming for solid product and what else to buy than a long boring accumulation and no interest from Retail.
On 3day chart, the rsi has clearly broken out from downward trend
Also, if you look into pairing with btc, you will see it is trying to hold support at double bottom.
if successful, it can get strong momentum till december and beyond.
As a target, i am expecting a minimum hit of 1.50 as a target which is in between .618 and .786 fib level.
Have a nice day and best of luck trading this pair at your own due diligence
Please like and subscribe for more analysis
Trade ativo
WOW what a nice breakout on the next day of posting the chart. Its very hard to time the momentum on such a large accumulation range. I am still expecting a hit at 1.50 following by 2 dollars. Trade fechado: objetivo atingido
target achieved in a weeks time what an amazing trade
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.