XRPUSDT / TRADING FVG AREA / 4H
2024-10-19

XRPUSDT / 4H TIME FRAME 

 HELLO TRADERS  

FVG Area (0.55 - 0.54) , The price is currently trading and stabilizing within the Fair Value Gap (FVG) between 0.55 and 0.54 , The FVG area refers to a zone where there’s an imbalance between buy and sell orders, often indicating where price might consolidate before making a significant move.

Potential Decline , The prices suggests that if the price continues to decline, it could reach the demand zone between 0.52 and 0.50. The demand zone is where buying interest is expected to be stronger, possibly halting the downward movement.

Potential Upside , If the price breaks above the FVG area with a 4-hour candle close, it’s expected to increase, targeting the supply zone between 0.59 and 0.60. A supply zone represents a price area where selling pressure may increase.

Confirmation of Trend , To confirm an uptrend, the price needs to break the supply zone (0.59 - 0.60) , To confirm a downtrend, the price must break the demand zone (0.50 - 0.52).

Overall Trend , Despite the short-term potential for upward movement, the text concludes that the price is under downward pressure.

Supply Zone : 0.59 - 0.60.
Demand Zone : 0.50 - 0.52.
FVG : 0.55 - 0.54.

