XRP.USD in a critical Zone, desperately needs a penny asap.
Caught between two major fibs, and long way from next stop.
Each support below has already done its job, don't ask again.
0.2219-2225 would be the ideal support to firm up for loading.
0.2249-2268 has withstood some hits but hopefully it is weaker.
0.2355-2369 has several fibs needed a strong blast or many hits.
Caught between two major fibs, and long way from next stop.
Each support below has already done its job, don't ask again.
0.2219-2225 would be the ideal support to firm up for loading.
0.2249-2268 has withstood some hits but hopefully it is weaker.
0.2355-2369 has several fibs needed a strong blast or many hits.
Comment:
( ( Ping ) )
On the "Major" fib in previous resistance zone
Bulls need to flip this to support by riding this ping, wont get a better chance that this.
.
On the "Major" fib in previous resistance zone
Bulls need to flip this to support by riding this ping, wont get a better chance that this.
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Bulls have been making steady progress:
Zoomed IN to see action around the fibs
Zoom back OUT a bit, and with the fib of last bounce
And it accelerated from the 3.236 to the 6.618 (not to the 6.236).
Thus I am projecting Band 9 as the next target for this wave.
Alas, band 9 will likely start a retrace, as that would be a natural end to this particular wave.
Zoom more OUT with the new fib (w/ 9.618) and its parent fib in light green
We may well end up with a retrace from a "lower high".
So it will depend on how deep and viscous the retrace is, whether we make it to the next Major resistance.
In summary:
The immediate "Major" resistance looks to be overcome, perhaps even flipped to support.
Currently expecting a "lower local high" and a retrace from there.
Bulls need to hold the retrace to at most the .227 zone or higher.
.