Hey guys,
I have been looking at
XRPUSDT
and just wanted to let everyone know of some general trends that are taking place.
We are at a support right now based on the fibonacci retracement at 0.618, in a downward parallel channel, & in a MACD golden cross (in the process).
One thing to mention is as a trader who is still understand trends. I don’t necessarily know if portion 3 of the MACD channel is valid as it does not follow the downward channels of 1,2,4. I would appreciate any feedback on this from you guys.
I have been looking at
XRPUSDT
and just wanted to let everyone know of some general trends that are taking place. We are at a support right now based on the fibonacci retracement at 0.618, in a downward parallel channel, & in a MACD golden cross (in the process).
One thing to mention is as a trader who is still understand trends. I don’t necessarily know if portion 3 of the MACD channel is valid as it does not follow the downward channels of 1,2,4. I would appreciate any feedback on this from you guys.
Trade active:
Pushed past resistance. Next target 0.579
Comment:
CORRECTION: 0.515
Trade active:
Target of 0.515 reached. The MACD is diverging so it looks like there could be more movement upwards.
Trade active:
Next target: Based on the Fibonacci retracement, the next price to reach will be 0.579