Early bullish signs, target 0.60+, low risk trader would wait for confirmation -short term trade
I would wait for more confirmation, but its indeed a good spot to load for long entries
Lets see what happens
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XRP - If 0.52600 is broken, close your long position and Expect retracement to 0.52000, and then continue to go up, bullish bias. Wait for confirmation.
Nice idea on XRPUSD and there may be potential gains as you have identified by going long. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first support at 0.4738. It is a horizontal pullback support, 100% Fibonacci extension and a 50% Fibonacci retracement. Stochastic is approaching support where we might see a corresponding bounce in price. If a corresponding bounce does occur, we may want to take a look at the 0.5718 resistance level. It is horizontal swing high resistance and a 78.6% Fibonacci retracement.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.