Hello there,
XRPUSDT analysis shows that the current candle is interacting with the 0.5387 area, with its high pinning the LH(L) pattern.
I've marked the L and H points with a vertical line, which extends over the RSI (Relative Strength Index). This (L) indicates that the price is bearish below the 59.07-RSI level.
We're looking for a demand zone, where the price broke above the high. One potential zone appears to be 0.5148, which I'll set as our bias target. And our nearest target price is 0.5251.
Happy Trading,
K
XRPUSDT analysis shows that the current candle is interacting with the 0.5387 area, with its high pinning the LH(L) pattern.
I've marked the L and H points with a vertical line, which extends over the RSI (Relative Strength Index). This (L) indicates that the price is bearish below the 59.07-RSI level.
We're looking for a demand zone, where the price broke above the high. One potential zone appears to be 0.5148, which I'll set as our bias target. And our nearest target price is 0.5251.
Happy Trading,
K
Trade closed: target reached