- Price bounced on the Major Support Zone and broke the Descending Trendline. - It is, now, at a Support Level. - We expect price to build a Bullish Corrective Structure around this zone and, then, go up. - If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for buy setups on lower timeframes.
Please take a look at our idea and let us know what you think!
ThinkingAntsOk
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@Safe_Signal, nice trade! If you ask us our opinion about the next movements XRPUSDT may take, here is our 4 hour vision. It is very similar to XRPUSD. Hope you like it.
4H CHART EXPLANATION:
- Price bounced on the Major Support Zone and broke the Descending Trendline .
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Bearish Corrective Structure, it has potential to move up towards the Resistance Zone.