BlockTechEv

XRPUSD - Supply and Demand Zones

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Quick video update on my expectations for XRPUSD based on Technical indicators and Supply/Demand zones.

I drew in the Fib Retracement and then completely forgot to talk about it. The 'golden' line (Fib 0,618) is something to watch as well. Generally we would want to see it as SUPPORT not RESISTANCE. Currently, it is acting as a resistance line.


Best Regards and Trade Safe
BlockTechEv
Comment: After dropping to 79c we now seem to be heading towards a retest for 1.10. Next resistance/supply zone is 1.10
Comment: Target reached 1.10 but it formed a double top. Still a strong supply zone/resistance. For now I expect sideways trading and then a retest of 1.10

Comments

south africa yeahhhh !!!!
+1 Reply
@smartrix 😎😎
+1 Reply
Very informative and insightful post!! Thank you and please keep on sharing!!! 📈📽
+1 Reply
@CryptoJ666 thank you 😊
+1 Reply
Thanks for sharing your knowledge! keep up the good work!
+1 Reply
@Julius54 thank you kindly.
Reply
Brilliant analysis! Thank you for the explanation. I am new to Crypto and Day Trading Alts, I appreciate your candor and how methodical you are.
+1 Reply
@ewtesta thank you for your positive feedback. Welcome to crypto!
Reply
Great coverage!
+1 Reply