My First Post in Tradingview | XRP Prediction 2021
This is what I predict when bullish is on the move in XRPUSDT.
Technical Analysis Based on Daily Timeframe.
What we can see here price is still in parallel channel (Range from Nov'20 Until present)
As we can see on the chart price follow this channel.
1) If we take fibo retracement from the upside move from swing low on 28 Dec'20 ($0.17) to the swing high 14 Apr'21 ($1.96) , price reject on 78.6% ($0.56) area and starting to move upside.
2) The strongest area of resistance will be on $1.6 - $1.8 , if price breakout from this level then there is high chance probability price will go to my TP area.
TP1 : $ 2.35
TP2 : $ 2.85
TP3 : $ 4.00
SL will be below the channel , when price is breakout the channel and closed (below $ 0.5)
#NotFinancialAdvise
Technical Analysis Based on Daily Timeframe.
What we can see here price is still in parallel channel (Range from Nov'20 Until present)
As we can see on the chart price follow this channel.
1) If we take fibo retracement from the upside move from swing low on 28 Dec'20 ($0.17) to the swing high 14 Apr'21 ($1.96) , price reject on 78.6% ($0.56) area and starting to move upside.
2) The strongest area of resistance will be on $1.6 - $1.8 , if price breakout from this level then there is high chance probability price will go to my TP area.
TP1 : $ 2.35
TP2 : $ 2.85
TP3 : $ 4.00
SL will be below the channel , when price is breakout the channel and closed (below $ 0.5)
#NotFinancialAdvise
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