Inverted Arc pattern - XRP 15 minute chart
Over a period of roughly 30 hours, XRP shot up from US $0.95 to $1.45. It has since bumped up again that resistance several times and appears to have begun to roll over. This action has resulted in the appearance of an inverted arc, with 3 touches on the arc so far.
If this were to play out, the target on the downside would be just below $1.00. However, given that XRP recently tested the support zone just below $1 twice, this could be part of a larger back-test of the 2017 resistance zone of roughly $0.73-0.75, which has yet to be tested. This would also allow for a back-test of the 20EMA , which would be a healthy move to get the next phase of the bull-run under way. NFA
If this were to play out, the target on the downside would be just below $1.00. However, given that XRP recently tested the support zone just below $1 twice, this could be part of a larger back-test of the 2017 resistance zone of roughly $0.73-0.75, which has yet to be tested. This would also allow for a back-test of the 20EMA , which would be a healthy move to get the next phase of the bull-run under way. NFA
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.