WE ARE STUCK:
XRPUSD rejected our daily supply to the pip and headed down to the daily demand. The market then perfectly touched our daily demand zone and bounced on it, but seems stuck in between the daily supply (0.2050) and daily demand (0.1815).
On daily TF, XRP broke the ascending TL but we still have a long wick on the breaking candle and a low volume:
- If we have XRP bears in here, please wait until the daily demand zone is removed to consider a short. Even though, I would not advise shorting XRP as we are super close from the monthly demand zone.
- If we have XRP bulls in here, market is stuck as i said, but please know that if we remove the daily supply, market has good chances to reach the last weekly supply at 0.31$.
BE PATIENT
Trade safe,
AT
XRPUSD rejected our daily supply to the pip and headed down to the daily demand. The market then perfectly touched our daily demand zone and bounced on it, but seems stuck in between the daily supply (0.2050) and daily demand (0.1815).
On daily TF, XRP broke the ascending TL but we still have a long wick on the breaking candle and a low volume:
- If we have XRP bears in here, please wait until the daily demand zone is removed to consider a short. Even though, I would not advise shorting XRP as we are super close from the monthly demand zone.
- If we have XRP bulls in here, market is stuck as i said, but please know that if we remove the daily supply, market has good chances to reach the last weekly supply at 0.31$.
BE PATIENT
Trade safe,
AT