XRP/BTC is in an area of high confluence right now. If it should break through the pink 100 MA target of 0.00000960 area, next target price we are looking at is where the yellow line is.
The yellow line represents the 1.68 in the fibonacci retracements, so we may reach the 0.00001030 price area and have a sideways movement first before we go on to my next price target located at the blue 200 MA with the region of around 0.00001060.
It is particularly looking like it will go towards the upside right now with the 9 and 21 EMA forming a bullish crossover.
If it goes to the downside, we may see it retest at the 0.00000905 area again.
I am open for feedback, suggestions and advice. Thanks!
The yellow line represents the 1.68 in the fibonacci retracements, so we may reach the 0.00001030 price area and have a sideways movement first before we go on to my next price target located at the blue 200 MA with the region of around 0.00001060.
It is particularly looking like it will go towards the upside right now with the 9 and 21 EMA forming a bullish crossover.
If it goes to the downside, we may see it retest at the 0.00000905 area again.
I am open for feedback, suggestions and advice. Thanks!