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#marketdirection

marketdirection

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Hero_404
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$XRP #update #MarketDirection {spot}(XRPUSDT) Ripple is still trying to form a 1-2 setup, but upside momentum remains weak. When a triangle completes at circle wave B, what normally follows is an aggressive advance. This move is anything but aggressive. That raises doubts about whether a low has actually formed.
$XRP #update #MarketDirection

Ripple is still trying to form a 1-2 setup, but upside momentum remains weak. When a triangle completes at circle wave B, what normally follows is an aggressive advance.

This move is anything but aggressive. That raises doubts about whether a low has actually formed.
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Bullish
$TAO #analysis #MarketDirection TAO has not provided any new structural information and remains under pressure. The price is attempting to stabilise within the Fibonacci support zone, but there is no confirmation that a low has been established. The reaction from the April low lacks impulsive characteristics, which reduces confidence in a sustained recovery and keeps the structure vulnerable to further downside. The next support to watch is at $226.70. On the upside, the first resistance remains at $282–$283, which would need to be broken to indicate a potential shift in structure.
$TAO #analysis #MarketDirection
TAO has not provided any new structural information and remains under pressure. The price is attempting to stabilise within the Fibonacci support zone, but there is no confirmation that a low has been established.
The reaction from the April low lacks impulsive characteristics, which reduces confidence in a sustained recovery and keeps the structure vulnerable to further downside.
The next support to watch is at $226.70. On the upside, the first resistance remains at $282–$283, which would need to be broken to indicate a potential shift in structure.
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