Long coming up if price gives us bullish price action and a break of the next counter trendline. Price currently is sitting above strong support, the 0.50 psychological level which has been tested numerous times in June/July and the 50% Fib level. Next target would be resistance at 0.90 cent, one of XRP's most significant key levels
Interesting setup if you compare this years bear market with last year. Lets see if it follows through to the end...
*Personal analysis only. It is advised to use your own rules and strategies prior to entering market.
Potential further rejection after last weeks pinbar at a confluence zone consisting of the 1.800 psychological level, a recent supply zone and an equidistant channel from last years low. Price also seems overextended and a pullback to the MA is likely. I see next support at around 1.740. *Personal analysis only. It is advised to use your own rules and...
The currency might form another impulse to the upside after consolidating since January 4th. Price broke the 9 day descending channel yesterday and is consolidating just above channel support at the moment, forming another channel on the lower timeframes. A breakout of this pattern followed by bullish price action and we could see new highs on this...
Potential second impulsive move to the upside after price broke and retested trendline, EMAs and .236 Fib level. First target at the 1.27 Fib extension. *Personal analysis only. It is advised to use your own rules and strategies prior to entering market.
Potential reversal zone from 89.200 at a Bearish Bat and 1.618AB=CD, D leg completion. *Personal analysis only. It is advised to use your own rules and strategies prior to entering market.
Potential reversal zone at around 0.9800 at a bullish Gartley and AB=CD, D leg completion. *Personal analysis only. It is advised to use your own rules and strategies prior to entering market.
Potential reversal area just below weekly resistance at 0.8030 plus bearish Gartley and AB=CD D leg completion. The zone is also close to the psychological level of 0.8000.
Potential reversal zone at a D leg completion and weekly horizontal resistance at around 1.6400 dating back to 2005.
Reversal zone at a potential D leg completion and around the 1.100 psychological resistance level dating back to 2007.
Potential reversal zone until monthly resistance at 1.021 dating back to 1996 plus bearish Cypher/Gartley D leg completion.
Potential short opportunity at a Bearish Cypher D leg completion at around 1.5100
The pair has been in an uptrend since April and we might see a continuation from 1.2900 at a potential Bullish Cypher D leg completion and weekly horizontal support. The idea is also supported by an ascending trendline from March this year.
Probable reversal zone below 51.00 at a potential Bearish Bat D leg completion, weekly horizontal resistance dating back to 2007 and minor decending trendline resistance. The area is also close to the 50.00 psychological level.
Possible Reversal zone around 147.300 at a potential Bearish Gartley D leg completion plus previous structure.
Potential reversal zone at around 1.6575 at a bearish Bat D leg completion and horizontal resistance.
Potential reversal zone at around 0.9800 psychological level and Bullish Gartley D leg completion.