XRPPembelian
XRPUSD Channel Up guiding it to $17.00
XRPUSD is trading inside a Channel Up and amidst today's market bleeding, it almost touched its 1day MA50.
This trendline has been supporting since the November 7th 2024 breakout, which was after the U.S. elections.
Technically this is the first buy entry for the remainder of the Bull Cycle and the last one is on the 1day MA100.
If the Channel Up continues sideways before it breaks, then the 1day MA100 should be tested. Otherwise, we may see an immediate break out.
The 1day RSI however is so far similar with the July - October 2024 consolidation, which favors a little more the probability of a 1day MA100 test.
In either case, the technical long term target is the 2.0 Fibonacci extension at 17.00.
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This trendline has been supporting since the November 7th 2024 breakout, which was after the U.S. elections.
Technically this is the first buy entry for the remainder of the Bull Cycle and the last one is on the 1day MA100.
If the Channel Up continues sideways before it breaks, then the 1day MA100 should be tested. Otherwise, we may see an immediate break out.
The 1day RSI however is so far similar with the July - October 2024 consolidation, which favors a little more the probability of a 1day MA100 test.
In either case, the technical long term target is the 2.0 Fibonacci extension at 17.00.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.