Pivot PointsJan 04, 2018 05:32PM GMT
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic - 0.07999 0.95500 1.67740 2.55241 3.27481 4.14982
Fibonacci 0.07999 0.69020 1.06719 1.67740 2.28761 2.66460 3.27481
Camarilla 1.39071 1.53714 1.68357 1.67740 1.97643 2.12286 2.26929
Woodie's - 0.11814 1.03130 1.71555 2.62871 3.31296 4.22612
DeMark's - - 1.31620 1.85800 2.91361 - -
Above is our weekly pivot points for XRP ,our second resistance located at $3.27 (already breached) and next stop is at $4.14 which if broken successfully can take the pair to our montly resistance R3 high of $5.04.Since the beginning of today the XRP has been on the rise ,prices above all the SMAs on the 1hour chart suggesting that reversal is not yet to come however there is a new support now at $2.7 which if breached can take the pair lower and if not our upward trend expected to continue.
I recommend a buy from the current level at $2.94 or $3 and a take profit of $4.14 or if u want to take a long walk set it at $5 as there is no stopping this pair at the moment dont forget to set your stop loss around $2.2 and also trail your profits as they come.
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic - 0.07999 0.95500 1.67740 2.55241 3.27481 4.14982
Fibonacci 0.07999 0.69020 1.06719 1.67740 2.28761 2.66460 3.27481
Camarilla 1.39071 1.53714 1.68357 1.67740 1.97643 2.12286 2.26929
Woodie's - 0.11814 1.03130 1.71555 2.62871 3.31296 4.22612
DeMark's - - 1.31620 1.85800 2.91361 - -
Above is our weekly pivot points for XRP ,our second resistance located at $3.27 (already breached) and next stop is at $4.14 which if broken successfully can take the pair to our montly resistance R3 high of $5.04.Since the beginning of today the XRP has been on the rise ,prices above all the SMAs on the 1hour chart suggesting that reversal is not yet to come however there is a new support now at $2.7 which if breached can take the pair lower and if not our upward trend expected to continue.
I recommend a buy from the current level at $2.94 or $3 and a take profit of $4.14 or if u want to take a long walk set it at $5 as there is no stopping this pair at the moment dont forget to set your stop loss around $2.2 and also trail your profits as they come.