XRPUSDT, demand hit, now back to uptrend continuation
Hello guys,
XRPUSDT pair here.
We hit the newly established demand zone around $1.35 twice already and I think the pair is ready to resume its uptrend after the consolidation. What I expect from here is to break above the $1.60-$165 resistance area , so this will be our trigger.
First target - at last visited high, then the previous resistance should turn into support/ demand zone .
Second target- Fibonacci 160% extension form the last major correction, which will lead us to $2.65 or 65% up from the trigger.
On the daily chart , we also have a diagonal resistance line that will be confirmed broken with the above-mentioned horizontal
Cheers
XRPUSDT pair here.
We hit the newly established demand zone around $1.35 twice already and I think the pair is ready to resume its uptrend after the consolidation. What I expect from here is to break above the $1.60-$165 resistance area , so this will be our trigger.
First target - at last visited high, then the previous resistance should turn into support/ demand zone .
Second target- Fibonacci 160% extension form the last major correction, which will lead us to $2.65 or 65% up from the trigger.
On the daily chart , we also have a diagonal resistance line that will be confirmed broken with the above-mentioned horizontal
Cheers
ملاحظة
Not exactly the support we were looking for, but still the rebound is a fact
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.