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Blue lines- Fibonacci retracement levels
Green line- major support trend line
XRPUSD is trading around $0.60 after making a pull back close to $0.5855. Recently price made a new high with a failed candlestick forming a shooting star bearish candlestick pattern. We warned that a pull back will follow. Price from $0.74 has already retraced more than 50% of the entire upward move from $0.47. Key Fibonacci support is found at $0.5766. At the 61.8% retracement we usually see trend reversals. The RSI has still not reached oversold levels, but this is not necessary for an upward reversal. Price made a low close to the 61.8% retracement today. The next couple of sessions are very important as it will be decisive if we turn upwards or move lower towards the green major support trend line.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
