dukeposh

XRPUSDT | Downtrend Channel Wave Projection TP -30% and -50%

BINANCE:XRPUSDT   XRP / TetherUS
> ABC correction with the major C leg downtrend ending diagonal pattern - possible final 5-wave at 0.5 fibonanci extension level -30% and 0.618 level -50% if break below the current key support.
> The price is currently trading below SMA50 and SMA200 and RSI TFW bearish signal broke below MA line below 50.
> An upcoming RSI bullish divergence in TFW could be possible - stay in wait and see mode for price confirmation.

Always trade with affordable risk and respect your stoploss, nothing 100%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.