XRPUSDT, demand hit, now back to uptrend continuation
Hello guys,
XRPUSDT pair here.
We hit the newly established demand zone around $1.35 twice already and I think the pair is ready to resume its uptrend after the consolidation. What I expect from here is to break above the $1.60-$165 resistance area , so this will be our trigger.
First target - at last visited high, then the previous resistance should turn into support/ demand zone .
Second target- Fibonacci 160% extension form the last major correction, which will lead us to $2.65 or 65% up from the trigger.
On the daily chart , we also have a diagonal resistance line that will be confirmed broken with the above-mentioned horizontal
Cheers
XRPUSDT pair here.
We hit the newly established demand zone around $1.35 twice already and I think the pair is ready to resume its uptrend after the consolidation. What I expect from here is to break above the $1.60-$165 resistance area , so this will be our trigger.
First target - at last visited high, then the previous resistance should turn into support/ demand zone .
Second target- Fibonacci 160% extension form the last major correction, which will lead us to $2.65 or 65% up from the trigger.
On the daily chart , we also have a diagonal resistance line that will be confirmed broken with the above-mentioned horizontal
Cheers
Comment:
Not exactly the support we were looking for, but still the rebound is a fact