Price has reached near triangle high,I have highlighted the Target zone after this resistance of 0.63 level. Duration of trade will be until next 7-10 Days. Xrp has made few acquisitions recently, which favours the bullish sentiment.
I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly...
ABCD pattern has been completed, now pattern pull back is likely to be up to 458-462, selling volume is not that significant. Price is resting at support level which is just above 200 Ema. Take this trade with the stoploss of 420 and target is 458-462.
You can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.
1. Yesterday stock price was refused from 2.61 Fibonacci Level (calculated from last low 350)
2. Price is out of ellipse, wait for 630 level to get break down
3. Volume down
4. RSI High, Lose of strength
Probable short targets with Fibonacci retrenchment and support levels
take out the position if you...
ETH is following ascending channel since its last fall to 86 dollars, On 30th April it tried to break out upward channel resistance but unable sustain the movement and thereafter it is moving downward with slight resistance of trend line that is depicted with green color. The white lines are Fibonacci retrenchment level 0.5,0.61,0.786 that represents 187, 211, 245...