so i missed my first entry point but i have entered just as price broke above the 55ema . break and retest of the trend line as confirmation aswel .
should be looking for a retest of the broken support then another good push lower .
so after a triple tap of the resistance leve also inline with the 71% fib holding well . looking a move of around 150 pips gpb is getting weaker and weaker .
After another fib rectracment has been achieved my biased opinion is short to hit TP1 monthly support then TP2 fib extension -27.00%
so the golden box has been tapped and rejected with a perfect fib rectracment despite the news last night. my biased opinion is long to at least highs of 1.9911 if not 1.9980
AFTER CATCHING THE 166 PIPS DOWN IT NOW TIME TO CATCH IT BACK UP. WEEKLY KEY LEVEL HOLDING WELL ON 4H CHART.
As monthly key level is holding well i expect a trend line retest before falling out the sky.
finally after the 15th of april high was hit now retraced to the 61.8 fib could touch down to the 71.00 fib but looking to a new high to TP1 -27.00 fib extension this is a risky trade as we do look in a strong down trade but eurojpy usually respects the fibonacci
looking for a pull back to fib retracement. then i favour a long to target 1 or possibly weekly resistance at 1.6925
61.8% BEEN HIT AND HOLDING AS SUPPORT!! LATEST 4H CANDLE STICK CLOSES AS A HAMMER I WOULD SUGGEST GOING LONG AS WE WOULD BE HAMMERING OUT THE BOTTOM FINDING NEW SUPPORT!!
SO AFTER WEVE JUST HAD THE TRIPLE BOUNCE AFTER A TWO WEEK TIME IM LEANING TOWARDS ON UPWARDS TREND TO A TARGET POINT OF 0.7161
AFTER WEEKS OF LOWER LOWS BEING CREATED AND 68.1% FIB BEING HIT AND NO CANDLES BEING ABLE TO BREAK ABOVE JUST WAITING FOR THIS TREND LINE TO BE BROKEN FOR CONFIRMATION TO ENTER SHORT TO CREATE A NEW LOWER LOW....!!!!!
After 5 days of consolidation above the weekly resistance now support . also a fake breakout yesterday and MA's still in the biased direction in the weekly daily and 4 hour. i favour a long position for 118 pips.
after the 61.8 fib has been met i favour a short down to the first target of the -27.00 fib with a stop loss of 15 pips above the 78.60 fib
so its been a great couple of days for xrp. xrp finally breaking the downside trend line and actually closing on an upwards trends followed by support. so 1 more day till the sbi get there logging details and 3 days till fully live . (my first prediction after study the crypto for few months)