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Saturday, April 03, 2021

XRPUSD LONG - 1.50$ UPDATE

XRPUSD LONG - 1.50$ UPDATE

XRP / Dollar BITFINEX:XRPUSD

Monthly:
bullish candle close and approaching monthly resistance again which is good. This Resistance is weak due to many touches. It is an very attractive way for traders to short and investors to leave the market. That would bring the price right through that level. From my point of view it should break this resistance within this month

Weekly:
Weekly has rejected the Support exactly how I explained it in the last updates. Now it is pushing up

Daily:
Strong bullish moves. Impulsive and Correction Waves to the Upside + W Formation. Overall superbullish momentum currently

Target:
I am expecting the market to hit the 1.50$ soon

What do you think of this Analysis? Share your opinion of this pair below.
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