Priceline of XRP / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders below the PRZ level but Stochastic is oversold and in bear cross so for secure trade we should wait stochastic to give bull cross then buy from the potential reversal zone.
MACD is turned weak bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 0.27862 to 0.27580
Sell between: 0.28083 to 0.28616
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders below the PRZ level but Stochastic is oversold and in bear cross so for secure trade we should wait stochastic to give bull cross then buy from the potential reversal zone.
MACD is turned weak bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 0.27862 to 0.27580
Sell between: 0.28083 to 0.28616
Regards,
Atif Akbar (moon333)
