XRPUSDT wants a pullback on 0.76$
Updated
The price got a rejection from the monthly resistance on 0.77$ and from the dynamic resistance as well.
The price is trying to hold the 0.70$ support and create a new bull flag above it.
On 4h timeframe the price is testing the old support as new resistance on 0.72$
How to approach?
We are waiting for a breakout of the 4h resistance and we expect a pullback around 0.618 Fibonacci level on 0.76$.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
The price is trying to hold the 0.70$ support and create a new bull flag above it.
On 4h timeframe the price is testing the old support as new resistance on 0.72$
How to approach?
We are waiting for a breakout of the 4h resistance and we expect a pullback around 0.618 Fibonacci level on 0.76$.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
The price is testing the 0.618 Fibonacci level as I told you.5% so far ☮️
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.