Short recover for XRP
Hi guys,
Some positive signal for XRP after sharp decline from 0.967$ zone to set a new low at 0.54$ yesterday. However, a new double bar pattern has shed light on a short corrective for XRP. Generally, price is moving below Ichimoku cloud with a fair volume, and also new lower highs and higher lows indicate that downward still is the main trend, so the expect now is price to climb back to 0.7$ zone (0.382 Fib level), before dwindle lower to 0.43$ zone. Anyway, any increase to above 0.8$ (0.618 Fib level) would be very good buy signal, illustrate that bulls will take control.
Safe trading guys!
Tung Nguyen
Some positive signal for XRP after sharp decline from 0.967$ zone to set a new low at 0.54$ yesterday. However, a new double bar pattern has shed light on a short corrective for XRP. Generally, price is moving below Ichimoku cloud with a fair volume, and also new lower highs and higher lows indicate that downward still is the main trend, so the expect now is price to climb back to 0.7$ zone (0.382 Fib level), before dwindle lower to 0.43$ zone. Anyway, any increase to above 0.8$ (0.618 Fib level) would be very good buy signal, illustrate that bulls will take control.
Safe trading guys!
Tung Nguyen
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.