Hi,
Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspective. As XRPUSD recently continued with a bearish move to the downside it has found support in the 200-EMA and the lower-boundary of the descending-channel marked in my chart where it now initially bounced and will move on to test the remaining resistances within the S/R-level as marked in my chart, after that it will be necessary to keep patient on the right confirmations either with XRPUSD managing to increase with bullishness in the structure finally forming a channel-breakout above the upper-boundary or with XRPUSD moving below the EMAs which will lead to a wave-E-extension, these main scenarios are crucial next times.
In this manner, thank you for watching the analysis and 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 2-hour timeframe perspective. As XRPUSD recently continued with a bearish move to the downside it has found support in the 200-EMA and the lower-boundary of the descending-channel marked in my chart where it now initially bounced and will move on to test the remaining resistances within the S/R-level as marked in my chart, after that it will be necessary to keep patient on the right confirmations either with XRPUSD managing to increase with bullishness in the structure finally forming a channel-breakout above the upper-boundary or with XRPUSD moving below the EMAs which will lead to a wave-E-extension, these main scenarios are crucial next times.
In this manner, thank you for watching the analysis and 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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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน