Friends, something interesting is coming up. If we consider a positive scenario for the price, after breaking the global downtrend line, we will see growth to the 0.236 or $0.45 per coin Fibonacci level, and the next target will be the 0.382 or $0.6 per coin Fibonacci level. The final point in this movement will be a visit to the 0.618 or $0.94 per coin Fibonacci level.
Also, look how well the Fibonacci levels correlate with support/resistance zones.
If you open a long position on futures, the risk/reward ratio will be 8.96/1, taking into account reaching the final target. Buying on the spot will bring you a profit of 148%.
This is not a financial recommendation, everything you do is at your own risk
Also, look how well the Fibonacci levels correlate with support/resistance zones.
If you open a long position on futures, the risk/reward ratio will be 8.96/1, taking into account reaching the final target. Buying on the spot will bring you a profit of 148%.
This is not a financial recommendation, everything you do is at your own risk
Note
1tp reachedNote
BREAKING: 🇺🇸 U.S. Court rules that XRP is not a security.Ripple defeated the SEC 🚀🚀🚀
Trade closed: target reached
All targets have been reached, congratulations to all!
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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.