There is a trading opportunity to Sell in XRPETH
Technical analysis:
. RIPPLE/ETHEREUM is in a downtrend and continuation of the downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance zone (0.00244800 to 0.00257350 ). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00244800)
Ending of entry zone (0.00257350)
Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00224800
TP2= @ 0.00216600
TP3= @ 0.00206000
TP4= @ 0.00192800
TP5= @ 0.00157700
TP6= @ 0.00148200
TP7= @ 0.00126000
TP8= @ 0.00115200
TP9= @ 0.00091000
TP10= Free
. RIPPLE/ETHEREUM is in a downtrend and continuation of the downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance zone (0.00244800 to 0.00257350 ). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00244800)
Ending of entry zone (0.00257350)
Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00224800
TP2= @ 0.00216600
TP3= @ 0.00206000
TP4= @ 0.00192800
TP5= @ 0.00157700
TP6= @ 0.00148200
TP7= @ 0.00126000
TP8= @ 0.00115200
TP9= @ 0.00091000
TP10= Free
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🌟36 Forex Pairs
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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