XRP/USD-4 Hour analysis
Hello everyone!
-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction.
-Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected.
-We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line.
-We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction.
-Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected.
-We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line.
-We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.