XRP / TetherUSLong
TRUMP-UMP - $4.300 / $4.500 NEXT
As illustrated, I'm trying to visualize a potential path to ATHs between $4.250 and $4.400 price range.
Once there, we could see a sell-off of short term traders liquidating their long positions near the $4.500 psychological price level + long term holders closing a small amount of their profits to secure some cash.
That being said, keep an eye for a potential psychological barrier at the $4.000 - $4.100 price range, and a KEY PIVOT AREA range of $3.050 and $3.1800.
First major support should be just below $3.000 and above $2.800
Extended buying area would be previous ATH range between $2.800 and $2.700
Invalidation Level: $2.300
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GOOD LUCK!
Once there, we could see a sell-off of short term traders liquidating their long positions near the $4.500 psychological price level + long term holders closing a small amount of their profits to secure some cash.
That being said, keep an eye for a potential psychological barrier at the $4.000 - $4.100 price range, and a KEY PIVOT AREA range of $3.050 and $3.1800.
First major support should be just below $3.000 and above $2.800
Extended buying area would be previous ATH range between $2.800 and $2.700
Invalidation Level: $2.300
--
GOOD LUCK!
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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.