XRP testing a discending trendline
XRPUSD on the weekly chart hit a descending trend line and got rejected for a 3rd time on the 0.30 level.
Market hit on the move back the 0.618 on the support structure.
If the price will break above the weekly resistance and consequently break the trend line we can set a nice long order according with Plancton’s strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Market hit on the move back the 0.618 on the support structure.
If the price will break above the weekly resistance and consequently break the trend line we can set a nice long order according with Plancton’s strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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