Hello Traders
XRP is bullish on lower timeframes and so far the 15h chart is the highest confirmation so far of a bullish run. If this volume and buying pressure continues, next stop will be flipping the 1D timeframe to bullish. When that happens, I will make another update.
Current resistance lies at 51c. Previous test failed, if we concur 51c my next target is the FIB ratio 0,618 and that is 66c.
I don't know for a fact that it could be a cause but there is a large following on telegram/twatter/insta declaring a pump on Monday. This follows the WBS/Robinhood saga, people are asking "where is the SEC now?"
_____________________________
This is a speculative setup and not financial advice
Trade Responsibly and Best Regards
Ev
XRP is bullish on lower timeframes and so far the 15h chart is the highest confirmation so far of a bullish run. If this volume and buying pressure continues, next stop will be flipping the 1D timeframe to bullish. When that happens, I will make another update.
Current resistance lies at 51c. Previous test failed, if we concur 51c my next target is the FIB ratio 0,618 and that is 66c.
I don't know for a fact that it could be a cause but there is a large following on telegram/twatter/insta declaring a pump on Monday. This follows the WBS/Robinhood saga, people are asking "where is the SEC now?"
_____________________________
This is a speculative setup and not financial advice
Trade Responsibly and Best Regards
Ev
Note
WBS = WSBTypo. (WallStreetBets)
Trade active
Target approaching 66cTrade closed: target reached
Target reached, the bull market is running strong. I will make another post shortly for the next target.
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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.