XRP has formed a support level at .70
My fixed range volume profile has marked out .87 as the POC (point of control)
This .87 range also has a lot of upward volume mobility, the next stop would drive up back to $1.
we should take into consideration the dying DXY as fear of the delta variant and another shutdown looms on the horizon.
If you zoom out on the monthly TF July and June have formed a double bottom with wicks around .51 to gain liquidity.
I do not foresee XRP dropping past another .70-.69 test for SL hunting
AS DXY treads at 92 I atincapte the monthly close around 90 or lower in preparation for sept crypto parabolic movement.
a SAFE long term buy in for XRP would be around .75+ if not waiting for the .87 (possibly .92 mirror April 2021 levels ) impulse and pull back.
Please provide feedback if you agree or disagree and lets see the outcome!
my entry presents a 1:4 Risk:reward ratio
My fixed range volume profile has marked out .87 as the POC (point of control)
This .87 range also has a lot of upward volume mobility, the next stop would drive up back to $1.
we should take into consideration the dying DXY as fear of the delta variant and another shutdown looms on the horizon.
If you zoom out on the monthly TF July and June have formed a double bottom with wicks around .51 to gain liquidity.
I do not foresee XRP dropping past another .70-.69 test for SL hunting
AS DXY treads at 92 I atincapte the monthly close around 90 or lower in preparation for sept crypto parabolic movement.
a SAFE long term buy in for XRP would be around .75+ if not waiting for the .87 (possibly .92 mirror April 2021 levels ) impulse and pull back.
Please provide feedback if you agree or disagree and lets see the outcome!
my entry presents a 1:4 Risk:reward ratio
Note
trade running beautifully in profit. Can consolidate around .77-.80 current levels before 2nd push + .85
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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.