Hi all,
in this idea I've been focusing on the daily chart of XRP using the money inflow index and the fixed range volume profile to get some extra infos and compare it with previous momentum that happened in March 2019 \ Nov 2020 \ June 2020 where there has been an upwards reaction once the price went down to 20.000 in the money inflow indicator.
We are currently coming from an "M" formation where there has been the highest volume trade around the white area in the chart ( 1.06 -1.10 $) I 'd expect a bounce back to this area in the next incoming hours and a try to get a new Higher high around the red area at 1.30-1.40$ in the next few days (depending on the market volatility)
if this scenario won't happen I would expect the price to go down to 0.95-0.86 $.
( Not a financial advise, make your own research and always have a risk management plan in mind ! )
Let me know in the comment what you think and if you like my ideas leave a COMMENT or a LIKE to support me !
Good luck all !
in this idea I've been focusing on the daily chart of XRP using the money inflow index and the fixed range volume profile to get some extra infos and compare it with previous momentum that happened in March 2019 \ Nov 2020 \ June 2020 where there has been an upwards reaction once the price went down to 20.000 in the money inflow indicator.
We are currently coming from an "M" formation where there has been the highest volume trade around the white area in the chart ( 1.06 -1.10 $) I 'd expect a bounce back to this area in the next incoming hours and a try to get a new Higher high around the red area at 1.30-1.40$ in the next few days (depending on the market volatility)
if this scenario won't happen I would expect the price to go down to 0.95-0.86 $.
( Not a financial advise, make your own research and always have a risk management plan in mind ! )
Let me know in the comment what you think and if you like my ideas leave a COMMENT or a LIKE to support me !
Good luck all !