Beforre US CPI announcement, XRP has moved rectangle patterns for three days
The U.S. stocks and the crypto market are highly correlated
If CPI matches or is better than expected, U.S. stocks continue to uptrend, and the crypto market will have a higher possibility to move in a clear direction(short term)
If XRP trends upwards and breakout the upper edge of supply zone (0.3625)
The first target at Fibo 38.2 (0.3725)
If it is worse than expected, the U.S. stock market fall, and if the crypto market will fall.
Observe whether Fibo 61.8 (0.3494) & the demand zone (0.3485-0.3518) can become an effective support or not
The second support level (0.3445-0.3464)
The U.S. stocks and the crypto market are highly correlated
If CPI matches or is better than expected, U.S. stocks continue to uptrend, and the crypto market will have a higher possibility to move in a clear direction(short term)
If XRP trends upwards and breakout the upper edge of supply zone (0.3625)
The first target at Fibo 38.2 (0.3725)
If it is worse than expected, the U.S. stock market fall, and if the crypto market will fall.
Observe whether Fibo 61.8 (0.3494) & the demand zone (0.3485-0.3518) can become an effective support or not
The second support level (0.3445-0.3464)
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.