XRP / Tether USDتم تحديثه Ripple: Time for consolidation
Hello Traders,
After 3 days of bull run, it is time for some consolidation.
As you can see from the chart, 70 cents has been a major resistance at the moment, and Ripple failed to surpass this point twice in last month.
Both Stoch RSI and RSI are both in overbought region, so I expect sosme retracement from here.
My initial target is 65.7 cents (23.8 retracement), followed by 62.3 cents (38.2 retracement). I don't expect Ripple to go anything lower than 38.2% retracement level, as it will most likely find support at EMA200.
If we consider this first rally as first wave of elliot wave, then I expect 3rd wave to be an explosive one, and my target for wave 3 will be 97 cents or $1.08 depends on where wave 2 completes.
Happy Trading!
After 3 days of bull run, it is time for some consolidation.
As you can see from the chart, 70 cents has been a major resistance at the moment, and Ripple failed to surpass this point twice in last month.
Both Stoch RSI and RSI are both in overbought region, so I expect sosme retracement from here.
My initial target is 65.7 cents (23.8 retracement), followed by 62.3 cents (38.2 retracement). I don't expect Ripple to go anything lower than 38.2% retracement level, as it will most likely find support at EMA200.
If we consider this first rally as first wave of elliot wave, then I expect 3rd wave to be an explosive one, and my target for wave 3 will be 97 cents or $1.08 depends on where wave 2 completes.
Happy Trading!
أغلقت الصفقة: تم الوصول للهدف
Can it go 59 cents!??
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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.