XRP - bull targets
Hello analysts and traders,
Before we start, here is our long term analysis:
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal .
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone. This is common, so this shakeout would have relieved healthy profits or damaged the buyers on a breakout.
What happened Saturday 30th January 2021 or Sunday for APAC weekend session?
We saw the price touch into the imbalance zone of 0.51XX
Price has created a new imbalance at $0.38 whereby the previous liquidity supplies acted as the range top on multiple occasions, however this has now become a demand imbalance where price will look to for further touches for longs.
What's happened since?
Other cryptos are gaining traction so this is important to see what the chart is telling you. We are looking for long term investments here so when it comes to Fundamentals, address it but focus what the imbalances show you. Our major imbalances show where price will look to react. Patience does the rest.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long despite the recent XRP issues with coinbase and US regulations.
Long term imbalances
![XRP long [2021-2022]](https://s3.tradingview.com/u/ugjyrbPq_mid.png)
Zones to watch next are highlighted in pink on the right of the chart.
Keep in mind XRP can use $0.4 as a strong demand zone now, reason being the Fibonacci has retraced healthy to our 61.8 and 50% zones.
The price was in a downward channel, however broke to the range to the upside.
Expect targets to be $0.80 and for longer term investment methods up to $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Before we start, here is our long term analysis:
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
The chart shows us:
Maxed out upon a weekly level to year highs of 0.792* rejection upon a fractal .
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season in which we have seen a whipsaw effect taking price back to the demand zone. This is common, so this shakeout would have relieved healthy profits or damaged the buyers on a breakout.
What happened Saturday 30th January 2021 or Sunday for APAC weekend session?
We saw the price touch into the imbalance zone of 0.51XX
Price has created a new imbalance at $0.38 whereby the previous liquidity supplies acted as the range top on multiple occasions, however this has now become a demand imbalance where price will look to for further touches for longs.
What's happened since?
Other cryptos are gaining traction so this is important to see what the chart is telling you. We are looking for long term investments here so when it comes to Fundamentals, address it but focus what the imbalances show you. Our major imbalances show where price will look to react. Patience does the rest.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for 900bn and the vaccines are now rolling out XRP does not directly link to the USD but the chart is now providing probabilities of longs as the consolidation period of XRP is around one year long despite the recent XRP issues with coinbase and US regulations.
Long term imbalances
Zones to watch next are highlighted in pink on the right of the chart.
Keep in mind XRP can use $0.4 as a strong demand zone now, reason being the Fibonacci has retraced healthy to our 61.8 and 50% zones.
The price was in a downward channel, however broke to the range to the upside.
Expect targets to be $0.80 and for longer term investment methods up to $2.00
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
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