XRP/USD (D1) - Technical Analysis Idea
Currently we can see a lot of infos on social media saying that the current market price are now going to the moon based on the recent news regarding the SEC vs Ripple but.... based on supply and demand tech analysis, it really doesn't look like the price is "comfortablely lifting off".
Yes, anything can happen but we really need to see candles like Apr 20th 2021 that really have that strong momentum (when all the P.O are filled) and price just when up without any sign of compression or long wick rejections from the supply zones.
It MIGHT reject at the D1 supply zone (ref to current price on chart-just above it, there is supply zone).
Btw, pls ref to AT LEAST Daily time frame if we really need to analyse whether price will go to the moon or not. DO NOT look at H1 or (even worst) 15min time frame and said, "look, bullish candlestick! it's going to the moon! 4digits XRP percoin, Hooray!!!" ~~~Pls..., don't do that. I've seen this a lot since last year. U really make your self look stupid on social media.
*** Disclaimer: not financial advice. For entertainment and educational purposes only.
Yes, anything can happen but we really need to see candles like Apr 20th 2021 that really have that strong momentum (when all the P.O are filled) and price just when up without any sign of compression or long wick rejections from the supply zones.
It MIGHT reject at the D1 supply zone (ref to current price on chart-just above it, there is supply zone).
Btw, pls ref to AT LEAST Daily time frame if we really need to analyse whether price will go to the moon or not. DO NOT look at H1 or (even worst) 15min time frame and said, "look, bullish candlestick! it's going to the moon! 4digits XRP percoin, Hooray!!!" ~~~Pls..., don't do that. I've seen this a lot since last year. U really make your self look stupid on social media.
*** Disclaimer: not financial advice. For entertainment and educational purposes only.
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