BULLS are charging up
- Major correction of XRP
- Support at 50% Fib. Ret. (1.48EUR)
- STOCHASTIC is in the oversold region (1st time since the bull run)
- ABCD Elliot wave is forming
- AFter D, If the 100% Fib. Ret. is hold, we are up for another Bull run
- Look for long position at 50% Fib. Ret.
- Sell Targets fib. extensions.: 138% (3.7EUR) and 161% (4.3 EUR)
- Watch for daily Heikn Ashi candle to turn from red to green for trend reversal at C.
- Support at 50% Fib. Ret. (1.48EUR)
- STOCHASTIC is in the oversold region (1st time since the bull run)
- ABCD Elliot wave is forming
- AFter D, If the 100% Fib. Ret. is hold, we are up for another Bull run
- Look for long position at 50% Fib. Ret.
- Sell Targets fib. extensions.: 138% (3.7EUR) and 161% (4.3 EUR)
- Watch for daily Heikn Ashi candle to turn from red to green for trend reversal at C.
Note
50% support did not hold, looking out for 38.2 support level.Still looking out for a bullish run high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.