XRPPanjang
XRPUSD Long Opportunity - 31/1/2021
Hello traders !
As you can see,price has made really crazy move to the upside. Well, it seems to me like a pump before a dump. You can also see a Double Bottom pattern,where neckline nicely fits with 0.618 fibonacci retracement and with the support level. RSI also indicates overbought level and on H1 TF you can also see a divergence. I would personally wait for price to retrace to its neckline and then buy to the -0.272 fibonacci extension level. This level also fits with a weekly resistance so it is more than real that we can see this type of move.
Thank you for reading and good luck !
As you can see,price has made really crazy move to the upside. Well, it seems to me like a pump before a dump. You can also see a Double Bottom pattern,where neckline nicely fits with 0.618 fibonacci retracement and with the support level. RSI also indicates overbought level and on H1 TF you can also see a divergence. I would personally wait for price to retrace to its neckline and then buy to the -0.272 fibonacci extension level. This level also fits with a weekly resistance so it is more than real that we can see this type of move.
Thank you for reading and good luck !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.