Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As mentioned already in previous analysis XRPUSD has formed this main triangle-formation before after which it already showed up with the breakouts and validations which served entirely bullish nevertheless XRPUSD has still some very important remaining resistances lying there that are still omnipresent in this case now I discovered a decisive formation that can lead to upcoming volatility and XRPUSD pulling back to test lower levels in the range, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how XRPUSD has established this main ascending-triangle-formation marked with the boundaries in blue, besides that XRPUSD has the coherent wave-count within the formation with the waves A to D already completed, and now as XRPUSD moves directly into the lower boundary which still supports this will be the likely origin of the wave E to the upside, this wave E will finalize the whole wave-count and will run certainly into the upper resistance-cluster with the main resistance in there formed already by the previous price-action, when XRPUSD then continues with bearish pullbacks this will complete the whole formation when XRPUSD finally moves below the lower-boundary.
Thank you everybody for watching the analysis, great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about XRPUSD, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As mentioned already in previous analysis XRPUSD has formed this main triangle-formation before after which it already showed up with the breakouts and validations which served entirely bullish nevertheless XRPUSD has still some very important remaining resistances lying there that are still omnipresent in this case now I discovered a decisive formation that can lead to upcoming volatility and XRPUSD pulling back to test lower levels in the range, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how XRPUSD has established this main ascending-triangle-formation marked with the boundaries in blue, besides that XRPUSD has the coherent wave-count within the formation with the waves A to D already completed, and now as XRPUSD moves directly into the lower boundary which still supports this will be the likely origin of the wave E to the upside, this wave E will finalize the whole wave-count and will run certainly into the upper resistance-cluster with the main resistance in there formed already by the previous price-action, when XRPUSD then continues with bearish pullbacks this will complete the whole formation when XRPUSD finally moves below the lower-boundary.
Thank you everybody for watching the analysis, great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.