XRPUSD; Searching for higher low
After a sharp turn north some correctional action is inevitable. Just what we see now. Most likely this crypto has more room to the upside and is currently in the process of searching for a higher low.
An ideal candidate would be the Bollinger Bands midline, today around 0.3550 but moving up each day. The 78.6% Fibonacci is seen at 0.3820 and horizontal support at 0.3750. This zone should be watched for renewed buying.
So, watch for a day (tomorrow?) where current weakness is seen again but where bulls show themselves towards the end of the day.
An ideal candidate would be the Bollinger Bands midline, today around 0.3550 but moving up each day. The 78.6% Fibonacci is seen at 0.3820 and horizontal support at 0.3750. This zone should be watched for renewed buying.
So, watch for a day (tomorrow?) where current weakness is seen again but where bulls show themselves towards the end of the day.
Feragatname
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