XRP/USD: Analysis

Oct 16, 2020

Whats up guys! Looking at xrp/usd i'm expecting price to rise, right now price is at the 0% on the fib and i'm expecting price to rise to the 61%. Price is at a key zone and has tested the key zone already, if price doesn't move down and close into the key one I will not consider price to fall at all at the moment. I have a zone marked of in between the 61% and the 78% on the fib which price has pull away from multiple times in the past, which means the zone is highly respected. Price was in an ascending channel i plotted off the 4hr and as of now price is under the support of the channel which means for me that price will at the very least test the suport line IF there was bearish movement before falling immediately.