XRP / TetherUSAlış
XRP OVER-SOLD ZONE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
XRP QUICK UPDATE.
As we can see price rejected our upper resistance zone and traded lower.
And as we mentioned in the previous analysis, for the bears to kick in and prove control we need a break below the marked major low.
Meanwhile, price now is trading inside this falling channel, and price now is sitting around a strong support zone lining up with our lower bound of the channel,
So we are expecting a correction movement, however, we need some confirmation on lower time frame like: trendline break or any bullish reversal pattern as per your trading plan.
Until that price is still overall bearish and if the price managed to break below our support zone, then a movement lower would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
XRP QUICK UPDATE.
As we can see price rejected our upper resistance zone and traded lower.
And as we mentioned in the previous analysis, for the bears to kick in and prove control we need a break below the marked major low.
Meanwhile, price now is trading inside this falling channel, and price now is sitting around a strong support zone lining up with our lower bound of the channel,
So we are expecting a correction movement, however, we need some confirmation on lower time frame like: trendline break or any bullish reversal pattern as per your trading plan.
Until that price is still overall bearish and if the price managed to break below our support zone, then a movement lower would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
Feragatname
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