In my previous chart:
the priceline of XRP / US Dollar cryptocurrency formed the bullish BAT but neither the MACD turned weak bearish nor stochastic gave any bull cross to give us any buying signal and eventually price action broke down the PRZ area and now the price action has retraced between 1.27 to 1.618 and formed a bullish Crab and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is still showing less interest of traders here and stochastic is oversold and also gave bull cross on current candle stick but MACD is still strong bearish so for secure trade we can wait for MACD to turn weak bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 0.22595 to 0.19817
Sell between: 0.24751 to 0.29968
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is still showing less interest of traders here and stochastic is oversold and also gave bull cross on current candle stick but MACD is still strong bearish so for secure trade we can wait for MACD to turn weak bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 0.22595 to 0.19817
Sell between: 0.24751 to 0.29968
Regards,
Atif Akbar (moon333)
