Good morning Traders,
I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.
Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.
As long as XRPUSD stays above 0.63054 it should extend higher.
The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)
Let's see which one plays out.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.
Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.
As long as XRPUSD stays above 0.63054 it should extend higher.
The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)
Let's see which one plays out.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.