Hello, Skyrexians!
It's time to update our
XRPUSDT analysis because the previous one caused a lot of misunderstanding. Today we will clarify our point of view for this fundamentally strong crypto.
Let's take a look at the weekly chart. Here we can see that price is forming Elliott waves cycle in the current bull run. Looking at the Awesome Oscillator we can say that wave 3 has been just finished and now XRP is in wave 4. Wave 4 will be finished when Awesome Oscillator crosses zero line, so now we have some space to continue correction. The Fibonacci target for wave 4 has been reached, but it can be retested again.
Wave 5 target is located at $3.88. In next to this price we will see the red dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] it's going to be the strong reversal signal for the bear market start.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
It's time to update our
XRPUSDT analysis because the previous one caused a lot of misunderstanding. Today we will clarify our point of view for this fundamentally strong crypto.Let's take a look at the weekly chart. Here we can see that price is forming Elliott waves cycle in the current bull run. Looking at the Awesome Oscillator we can say that wave 3 has been just finished and now XRP is in wave 4. Wave 4 will be finished when Awesome Oscillator crosses zero line, so now we have some space to continue correction. The Fibonacci target for wave 4 has been reached, but it can be retested again.
Wave 5 target is located at $3.88. In next to this price we will see the red dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] it's going to be the strong reversal signal for the bear market start.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Disclaimer
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
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.