XRPUSD - still short biased
XRPUSD 4H
Hey guys. As you can see, xrp is currently trading within a triangle. The max. upside would be point e. Even if this would mean that price would have to break the counter-trendline, I would not see this as a bullish confirmation, as long as we do not get to see an impulsive break & close above $0.98. The downside targets are marked on the chart, with the first one being $0.75 and the second one $0.65-0.62 area.
After that, chances are high that we will see a bullish continuation but that has to be reevaluated once price has hit one of the two target zones.
For more in-depth forecasts and educational content, join my free Telegram: t.me/bbgtv
Hey guys. As you can see, xrp is currently trading within a triangle. The max. upside would be point e. Even if this would mean that price would have to break the counter-trendline, I would not see this as a bullish confirmation, as long as we do not get to see an impulsive break & close above $0.98. The downside targets are marked on the chart, with the first one being $0.75 and the second one $0.65-0.62 area.
After that, chances are high that we will see a bullish continuation but that has to be reevaluated once price has hit one of the two target zones.
For more in-depth forecasts and educational content, join my free Telegram: t.me/bbgtv
Transaction en cours
Buy zone has been hit
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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.