Technical Analysis Summary ๐
1. Trend ๐
Global: Bullish ๐
Local: Corrective within a descending channel or flag ๐โก๏ธ๐
2. Key Support Levels:
3,000 SATs: Strong psychological and technical support ๐ช
0.5 Fibo (2,900 SATs): A typical correction point, aligning with Fibonacci retracement ๐
3. Key Resistance Levels:
3,144 SATs: Intermediate resistance ๐
3,200 SATs: Strong resistance, with liquidity concentration forming a challenging breakout zone ๐ง
4. Short-Term Expectation:
A false breakout near the 3,144โ3,200 resistance zone ๐ผ
Correction targets around 3,000 SATs or 0.5 Fibo (2,900 SATs) before a breakout gathers strength ๐
5. Indicators:
EMA50 on 1H Time Frame: Likely acting as dynamic resistance or support during the correction phase ๐โก๏ธ๐
Strategy and Outlook ๐ฏ
Immediate Action:
Watch for a rejection near the 3,144โ3,200 zone ๐, as liquidity in this area may block an immediate breakout โ.
Buy Zone:
Consider entries near the support levels (3,000 or 2,900 SATs) after confirmation of correction completion ๐.
Breakout Confirmation:
A solid breakout above 3,200 SATs with volume could signal the resumption of the bullish trend and potentially lead to new highs ๐๐.
This correction likely presents a great accumulation opportunity ๐ค before the continuation of the larger trend ๐. Would you like further clarification on EMA strategies, Fibonacci setups, or help with charting this analysis?
1. Trend ๐
Global: Bullish ๐
Local: Corrective within a descending channel or flag ๐โก๏ธ๐
2. Key Support Levels:
3,000 SATs: Strong psychological and technical support ๐ช
0.5 Fibo (2,900 SATs): A typical correction point, aligning with Fibonacci retracement ๐
3. Key Resistance Levels:
3,144 SATs: Intermediate resistance ๐
3,200 SATs: Strong resistance, with liquidity concentration forming a challenging breakout zone ๐ง
4. Short-Term Expectation:
A false breakout near the 3,144โ3,200 resistance zone ๐ผ
Correction targets around 3,000 SATs or 0.5 Fibo (2,900 SATs) before a breakout gathers strength ๐
5. Indicators:
EMA50 on 1H Time Frame: Likely acting as dynamic resistance or support during the correction phase ๐โก๏ธ๐
Strategy and Outlook ๐ฏ
Immediate Action:
Watch for a rejection near the 3,144โ3,200 zone ๐, as liquidity in this area may block an immediate breakout โ.
Buy Zone:
Consider entries near the support levels (3,000 or 2,900 SATs) after confirmation of correction completion ๐.
Breakout Confirmation:
A solid breakout above 3,200 SATs with volume could signal the resumption of the bullish trend and potentially lead to new highs ๐๐.
This correction likely presents a great accumulation opportunity ๐ค before the continuation of the larger trend ๐. Would you like further clarification on EMA strategies, Fibonacci setups, or help with charting this analysis?
Note
STRONGTrade closed: target reached
๐ XRP/USDT Technical Analysis Update โ Target Reached! ๐ฏ๐ฅ XRP is Making Moves! ๐ฅ
โ Trend Overview:
๐ Global: Bullish Momentum ๐
๐โก๏ธ๐ Local: Corrective within a descending channel/flag
๐น Key Levels Recap:
โ Support: 3,000 SATs (Strong psychological & technical level) ๐ช
โ 0.5 Fibo Retracement: 2,900 SATs ๐
โ Resistance Levels (Recently Reached!):
๐ Target Hit: 3,144โ3,200 SATs! ๐ฏ๐ฅ
๐ Indicators & Strategy:
๐ธ EMA50 (1H) acting as dynamic support/resistance ๐
๐ธ Potential short-term pullback before a strong breakout ๐
๐ก Next Steps:
๐ Watch for a retest of 3,000โ2,900 SATs for accumulation ๐
๐ A confirmed breakout above 3,200 SATs with strong volume could signal a bullish continuation towards new highs ๐
Congratulations to those who capitalized on this move! ๐ Stay ready for the next setup!
#XRP #Crypto #Trading #TechnicalAnalysis #Bullish
Note
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t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis My service is huge profitable service don't miss my any post
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis My service is huge profitable service don't miss my any post
t.me/+tEr85TNnuD8xNDc8
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.