Greetings traders! XRPUSD just broke the EMA 9 to the upside.
Besides that, we also see a confirmed double bottom in the daily timeframe and a strong divergence in momentum!
That gives us a good enough reason to buy long XRP, and may even hit $.80!
Now, let's look at the future.
I plotted a Fibonacci of the entire downtrend from 80 cents. If we can observe, the first resistance is 40 cents, a psychological number.
After retracement to the 35 cents area and the 40 cents resistance breaks, the next resistance is 55 cents.
The 55 cents resistance is a strong one in particular, because of the many times it was touched.
After retracement, we will see the price reaching 80 cents by the end of the month, and possibly beyond.
We can grab more than 200% profit if everything works well(most likely it would)
Profits, cheers!
This is presented to you by @Trader_ph, and make sure to follow me for more ideas!
Comment down below about your opinion for XRPUSD!
If we hit enough followers, I can make a website! :D
Besides that, we also see a confirmed double bottom in the daily timeframe and a strong divergence in momentum!
That gives us a good enough reason to buy long XRP, and may even hit $.80!
Now, let's look at the future.
I plotted a Fibonacci of the entire downtrend from 80 cents. If we can observe, the first resistance is 40 cents, a psychological number.
After retracement to the 35 cents area and the 40 cents resistance breaks, the next resistance is 55 cents.
The 55 cents resistance is a strong one in particular, because of the many times it was touched.
After retracement, we will see the price reaching 80 cents by the end of the month, and possibly beyond.
We can grab more than 200% profit if everything works well(most likely it would)
Profits, cheers!
This is presented to you by @Trader_ph, and make sure to follow me for more ideas!
Comment down below about your opinion for XRPUSD!
If we hit enough followers, I can make a website! :D
