(Time frame 4H)
Xrp failed to retest 0.45 levels but we did test the 0.5 levels, we so a peak in volume to push the price out of that level very fast. If xrp will be able to break the current downtrend line and make a higher high, we could have a trend reversal for the short term, by getting out of the current zone and reach 0.57-0.67 zone to then build up momentum and challenge the ATH.
If we get a confirmation with a big green candle, we're gonna have a retracement to the 0.585 level. And it could be the last opportunity before building momentum for the ATH.
I'll evaluate an entrance at 0.585 with a tight stop loss under 0.55 levels because we're still under a big accumulation zone with big volatility and also because there's still a gap between 0.5 levels and 0.45 levels that could get filled.
Xrp failed to retest 0.45 levels but we did test the 0.5 levels, we so a peak in volume to push the price out of that level very fast. If xrp will be able to break the current downtrend line and make a higher high, we could have a trend reversal for the short term, by getting out of the current zone and reach 0.57-0.67 zone to then build up momentum and challenge the ATH.
If we get a confirmation with a big green candle, we're gonna have a retracement to the 0.585 level. And it could be the last opportunity before building momentum for the ATH.
I'll evaluate an entrance at 0.585 with a tight stop loss under 0.55 levels because we're still under a big accumulation zone with big volatility and also because there's still a gap between 0.5 levels and 0.45 levels that could get filled.
Yorum:
we failed to break the trend so the price can easily go down to the 0.45 level and close the current gap between 0.51 and 0.45
