Possible correction for the new impulse to the up! Don't be scared if you see sharp move down, it will be part of correction! ;) So keep an eye on it, be patient & trade with care!
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Interesting long term analysis on XRPUCSD! We went for a shorter term view on our analysis and have identified key resistance and support levels. Currently, prices are approaching our first resistance at 0.5277 which is made up of a horizontal swing high resistance, 61.8% Fibonacci extension and a 61.8% Fibonacci retracement. Stochastic is approaching resistance at 88.12% where we might see a corresponding drop in price. If a potential drop does occur, we might want to look at 0.4489 support level which consists of horizontal overlap support, 100% Fibonacci extension and a 61.8% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and we would like to hear your thoughts.
Please have a look at our idea and we would like to hear your thoughts.