XRP/USDT preparing the bottom ready for reversal to ATH
XRP/USDT consolidating and price action preparing for a level 3 (low) move before the reversal upwards to the ATH .
On this daily chart , we can see the high at level 3, the first consolidation at level 1 and second (small) consolidation at level 2... Current price action is at level 3 where the following is observed
Using the 1Hourly chart, we can see:
https:// www . tradingview . com/x/CDNEpp5M/
1/ a Double Bottom formed at the 48 cents region, which suggests a high probability move with smart money and institutional move to RUN the LONG stops and Activate SHORT positions.
2/ there is a likely move low to the 50 to 46 cent region, with a significantly large wick (especially on the Futures markets) which will most likely present itself, in order to fill the Liquidity Void
3/ the liquidity void is between 33 cents to 40 cents, we can expect one of the following to occur in this region
- a wick may touch the top of the liquidity void at approx 0.4015 cents
- a wick may fill 1/4 of the liquidity void at approx 0.3800 cents
- a wick may fill 1/2 of the liquidity void at approx 0.36722 cents
- a wick may fill 3/4 of the liquidity void at approx 0.35088 cents
- a wick may completely fill the liquidity void with a low of approx 0.33130 cents
- a rogue wick which may fill 2x liquidity voids down to 0.30660 cents
In my opinion, the most likely target which the wick will drop to would be where there is an orderblock on the weekly at around 0.3600 region. Thus a half fill on the liquiditiy void.
After the above occurs, I'm expecting a significantly strong reversal UPWARDS to go for the next ATH at aprox $3.80 within this next pump upwards.
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This chart is my own opinion, no financial advice given, none suggested, trade at your own risk.
**************************************************************************************************************************
On this daily chart , we can see the high at level 3, the first consolidation at level 1 and second (small) consolidation at level 2... Current price action is at level 3 where the following is observed
Using the 1Hourly chart, we can see:
https:// www . tradingview . com/x/CDNEpp5M/
1/ a Double Bottom formed at the 48 cents region, which suggests a high probability move with smart money and institutional move to RUN the LONG stops and Activate SHORT positions.
2/ there is a likely move low to the 50 to 46 cent region, with a significantly large wick (especially on the Futures markets) which will most likely present itself, in order to fill the Liquidity Void
3/ the liquidity void is between 33 cents to 40 cents, we can expect one of the following to occur in this region
- a wick may touch the top of the liquidity void at approx 0.4015 cents
- a wick may fill 1/4 of the liquidity void at approx 0.3800 cents
- a wick may fill 1/2 of the liquidity void at approx 0.36722 cents
- a wick may fill 3/4 of the liquidity void at approx 0.35088 cents
- a wick may completely fill the liquidity void with a low of approx 0.33130 cents
- a rogue wick which may fill 2x liquidity voids down to 0.30660 cents
In my opinion, the most likely target which the wick will drop to would be where there is an orderblock on the weekly at around 0.3600 region. Thus a half fill on the liquiditiy void.
After the above occurs, I'm expecting a significantly strong reversal UPWARDS to go for the next ATH at aprox $3.80 within this next pump upwards.
**************************************************************************************************************************
This chart is my own opinion, no financial advice given, none suggested, trade at your own risk.
**************************************************************************************************************************
https://www . tradingview . com/x/W7sXTz4M/
Next Target will be between $1.00 to $3.80 ATH