CLEAN AND SIMPLE TECHNICAL ANALYSIS. FOLLOWING THE PRICE ACTION A REVERSAL IN TREND SEEMS LIKE IT IS IN PLAY. LH AND LL WERE CREATED. A BREAK OF THE LH SIGNNALED A REVERSAL IN TREND TO ME. PRICE PULLED BACK AND CREATED A DB SIGNALLING WE WERE ABOUT TO SEE UPSIDE MOVEMENT. WE CAN NOW SEE PRICE IS PUSHING UP TO BREAK THE HH IT CREATED BEFORE THE DB. LET'S SEE HOW...
CLEAN AND SIMPLE ANALYSIS AS ALWAYS. WE HAVE A MARKET THAT IS TRENDING TO THE UPSIDE. PRICE IS CURRENTLY RANGING. I HAVE MARKED THIS AREA WITH THE HIGHLIGHTED ZONES LABELLED SUPPORT AND RESISTENCE. BASED ON THE PRICE ACTION IM LOOKING FOR A RETEST OF THE HIGH BEFORE HOPEFULLY PUSHING UP TO MAKE A NEW HIGH. IF SO MY TARGET WILL BE .55p/.75usd.
Overall still a bullish market structure. Price is following the trend nicely. One area to watch is the .43p area. We can see price failed to create a new high here but I suspect another attempt at breaking this level will be made.
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Xrp chart update from yesterday. Analysis played out pretty much as expected.
Strong bullish momentum expecting highs of 0.45gbp/.62usd today.
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Clean and simple market structure.
A bullish break forming higher highs/lows. A higher high was formed which then led to a small correction. A double bottom has formed followed by a break of its previous lower high signalling a reversal in structure. Looking for wick rejections/bullish momentum from the previous lower high