The XPR price rose significantly last few days and it is more likely to be continued until it reach the previous high at 1.2000. It is a rounded number and acts as resistance level. The price already respected that level two times and it is more likely it will do again. The previous buyers are going to lock their profits at that area, and the new sellers most likely start selling at the point which will drop the price down. Moreover, the bat pattern is formed, which provides guidance where to enter, put stop loss and take profits. According to this analysis, there is a high probability that the price will go down, if it reaches the resistance zone (red area).
T1 – 38.2
T2 – 61.8
T1 – 38.2
T2 – 61.8