XRPUSD daily near strong support zone (MA and 0.5% of Fibo)

20 Apr 2021

As we can see price receive strong support zone that formed here and we expect again rise or even once again pumping market from this support zone .

Why strong support zone :
1.correction was about 0.5% of previous rise and here we can see market get strength once again
2.20MA is touching and that is extra strength too

Targets:
A. 1.4$
B. 1.6$
C. 2.0$
D. 2.4$

Notice if last support on 0.61% of Fibonacci that mentioned with green rectangle on chart failed too then we would expect more falling to previous resistance that is around 0.6 and now is strong support

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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