possibility price action- XRP/USDT
hello. in this TA I used fibonacci retracement, trend channel, horizontal support and resistance line to predict price action.
1. 0.618 level ( Fib A) has been tested two times and closed above it. this level also the first support on channel 1 which might confirm 0.618 level (fib A) as a strong support.
2. if 0.618 level (fib A) hold and price break up through 0.382 level ( Fib B) then closed above it, target point will be 1.272 level ( Fib B). then, 1.618 level (Fib B) after minor retrace from 1.272 level ( Fib B).
please observe the candlestick formed near the fib line.
This is my prediction only. this is not financial advice. I'm still learning.
1. 0.618 level ( Fib A) has been tested two times and closed above it. this level also the first support on channel 1 which might confirm 0.618 level (fib A) as a strong support.
2. if 0.618 level (fib A) hold and price break up through 0.382 level ( Fib B) then closed above it, target point will be 1.272 level ( Fib B). then, 1.618 level (Fib B) after minor retrace from 1.272 level ( Fib B).
please observe the candlestick formed near the fib line.
This is my prediction only. this is not financial advice. I'm still learning.
註釋
Now, 0.236 level (fib B) has become support.
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