2021-10-08, XRP 12HR CHART. Will it make it? No? Yes?This is an update from previous chart to monitor. When you shorted, you probably have short happiness.
XRPMYR
xrp bearish expectationcorrection, this is my expectation for xrpmyr, base on the trend it will go to 4.13 myr. before rebound back.
XRPMYR to bearishbase on the support and resistance rules, expected xrp to go next station is to myr 4.40
XRP Break Significant Resistance Break previous Lower High as significant resistance.
The next resistance is at RM7.00
For the entry, the position goes to the lower timeframe looking for the retracement.
XRPBOLEHKAH RIPPLE (XRP/MYR) RECOVER SELEPAS 50% KEJATUHAN?
Sebelumya market XRP dalam siri kenaikan HH& HH .Kemudian price berada dalam keadaan ranging antara Rm8.00-Rm3.50 per coin sehingga kini.
Mari kita perhatikan price semasa :
1) Price pullback ke fibo retracement level 61.8%
2) Price turun ke level RBS zone biru (RM3.00-RM3.50).
3) Ascending trendline confluence tetapi belum muncul bullish CS reversal pattern.
4) Dan akhir sekali, jika price berjaya membuat reversal di kawasan ini , boleh target pada critical level RM7.00 , RM8.00 dan potential New Higher High RM11.00
p/s: Support Resistance sahaja tidak mencukupi, Ianya perlu dianalisis bersama-sama dengan theory technical yang lain.
XRPMYR to bullishDisclaimer : Trading Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this idea are for study purposes only and do not constitute investment recommendations or advice.
just to practice my learning and understanding on technical analysis chart pattern to be apply in xrpmyr
XRPMYR Familiar pattern as 25 March 2020Do similar patterns give similar results?
Let's see how the price and RSI forming later.
XRPMYR - waiting at RM61. Bearish divergence indicates the market weak.
2. Fibo Extension 161.8 shows previous major RBS around RM6
Lets see how the price action there.
XRPMYRIdea for XRPMYR
Disclaimer : Trading Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this idea are for study purposes only and do not constitute investment recommendations or advice.
