samimaysway

XRPUSD - 1HR Will Price Close Below Demand Zone for a Sell Opp?

Kort
BITFINEX:XRPUSD   Ripple
Price is currently inside of a demand zone, possible double top market structure forming, looking for a bearish candle stick reversal pattern and a close below both the ascending trend line and below the demand zone before entering. That would be 5+ confirmations to enter a sell. Also looking for possible bearish divergence and bearish ADX trend as extra confluence and additional confirmations for entry. Would anticipate price to fall to .33422 area at -27 fib for Take Profit level 1 for aprx 200 pip gain, -61.8 fib for Take profit 2 for aprx 350 +/- pip gain.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.