XRP - The domino effect
Hello traders,
Here's the weekly time frame of XRPUSD, I'll try to shift my focus into the weekly time frames during these periods because as mentioned on prior analysis during we are currently into a "make or break" situation, which I believe only on bigger time frames we could see the bigger pictures and be ready for whatever is coming, alright so let's get right into it.
I marked two crucial regions, one being the 0.29 baseline and the other being 0.43 top, as you can see we have been moving between these two levels for the past few weeks now.
There's a fibonacci retracement which I believe it is still unfolding, currently just tapped the 78,6% region at 0.43$ (the top) , and if we fail to break and close above, we could see a sharp pullback back to 0.30 region.
Anyway, this is a weekly timeframe and its Tuesday now, there are still plenty of days until the candle closure, anything can happen in the meantime so please be patient and wait for it to unfold.
If the candle closes above .43 cents (78.6) that would invalidate the fibonacci which would be a huge confirmation for another bullish rally.
Here's the weekly time frame of XRPUSD, I'll try to shift my focus into the weekly time frames during these periods because as mentioned on prior analysis during we are currently into a "make or break" situation, which I believe only on bigger time frames we could see the bigger pictures and be ready for whatever is coming, alright so let's get right into it.
I marked two crucial regions, one being the 0.29 baseline and the other being 0.43 top, as you can see we have been moving between these two levels for the past few weeks now.
There's a fibonacci retracement which I believe it is still unfolding, currently just tapped the 78,6% region at 0.43$ (the top) , and if we fail to break and close above, we could see a sharp pullback back to 0.30 region.
Anyway, this is a weekly timeframe and its Tuesday now, there are still plenty of days until the candle closure, anything can happen in the meantime so please be patient and wait for it to unfold.
If the candle closes above .43 cents (78.6) that would invalidate the fibonacci which would be a huge confirmation for another bullish rally.
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