XRP/USD-4 Hour analysis
Hello everyone!
-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction.
-Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected.
-We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line.
-We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction.
-Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected.
-We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line.
-We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.