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XRP - Weekly
XRP
XRP - Weekly
By jakedubbz
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Updated
May 9, 2021
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May 9, 2021
Following the previous post of the Monthly Timeframe, this Weekly Fibonacci further validates why $1.96 is a rejection zone.
The -161.8% Extension aligns with the Dec 2017 / Jan 2018 candle closes where we have tapped it perfectly.
I would anticipate that the next move would be back towards 61.8% and 78.6% retracements where we can identify the next set up.
I will post a Daily Timeframe analysis of this bias to complete the full top-down analysis which shows more confirmations.
May 9, 2021
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Monthly Analysis -
May 9, 2021
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Daily Analysis -
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Multiple Time Frame Analysis
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Support and Resistance
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