jakedubbz

XRP - Weekly Sells

Short
Complete bias for this pair, this fib has played out so far from the first retracement to $1.60 - $1.70

After retracing to the 61.8% & 78.6% retracements we saw the -27 extension hit around $0.58.

We have now seen another pullback this time to the 38.2% retracement,

Solid candle closes at this level on the HTF (Weekly), I am expecting this to hold up with the help of the trendline.

What goes against this bias is the PayPal news that came out today.

I have taken a % off the table and am happy if we continue higher or reverse from here.

The target of $0.30 - $0.20 is possible with the help of the -61.8% extension and the trendline on the HTF.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.