XRPUSD: Prepare for massive bullish breakout soon.
XRPUSD is almost oversold on the 1D technical outlook (RSI= 36.211, MACD = -0.013, ADX = 34.490) as it is under a LH trendline and trading inside a Channel Down since the November 6th 2023 High. This is an identical price action, also on RSI parameters, with October 2022 - February 2023. On March 21st 2023 the price crossed over the LH trendline aggressively and hit the R1 level.
As the pattern since May 2022 is a Channel Up, the upside potential is very high. Consequently we initially target the R1 level (TP1 = 0.9200) and after a pullback to the 1D MA200, we will rebuy and target the top of the Channel Up (TP2 = 1.1500).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
As the pattern since May 2022 is a Channel Up, the upside potential is very high. Consequently we initially target the R1 level (TP1 = 0.9200) and after a pullback to the 1D MA200, we will rebuy and target the top of the Channel Up (TP2 = 1.1500).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。