Because I noticed to much sentiment these days, I felt the need to mention, that Ignoring the investment rules such as F.O.M.O. (Fear of Missing Out), putting to much emotion on your trades, to discuss with the people, ignoring Top to Down Analysis, do not help you reach your goals.
TRADE WHAT YOU SEE, DO NOT TRADE WHAT YOU THINK!
Do not ignoring time frames:
Weekly and monthly time frames help us find the range of price action, where the price will support or resist, as also to spot the oversold and overbought areas. As well as removing market vibrations.
Monthly time frame help us to spot the trend in the following weeks.
Weekly time frame help us to spot the trend of the following days in the week.
Technically for investors who want to buy the XRP and hold it until the future for sell it at a satisfactory price, they have to make sure that the price is it's at its lowest.
On the Daily – Weekly time frame easily we observe the Head and Shoulders pattern which is telling us that the price will reverse and testing the lower prices before an uptrend.
On the weekly time frame we can see that the market signals us for a reversal. We can see the Hanging Man candlestick (09 Dec 2024) and the Bearish Engulfing candlestick (27 Jan 2025).
Major prices using Fibonacci Retracement:
0.00% (3.4000)
23.60% (2.6879)
38.20% (2.2474)
50.00% (1.8914)
61.80% (1.5353)
78.60% (1.0284)
100.00% (0.3827)
Spotting major prices helping us which price to buy. Good spots for buy:
61.80% (1.5353) – Golden Zone / Golden Pocket
78.60% (1.0284) – Entry Zone
Between 78.60% (1.0284) and 100.00% (0.3827) is the Risk Zone, which we have the neckline of the ‘’ Quadruple Bottom Pattern ‘’ at the price range ‘’ 0.6291 – 0.7850 ‘’ and safer zone to buy at ‘’ 0.9500 ‘’…
For sure we will meet a lot of consolidation at 50.00% (1.8914) before the prices will drop.
The only remaining is the fundamentals that we can apply them in the chart.
Thanks to all of you!
TRADE WHAT YOU SEE, DO NOT TRADE WHAT YOU THINK!
Do not ignoring time frames:
Weekly and monthly time frames help us find the range of price action, where the price will support or resist, as also to spot the oversold and overbought areas. As well as removing market vibrations.
Monthly time frame help us to spot the trend in the following weeks.
Weekly time frame help us to spot the trend of the following days in the week.
Technically for investors who want to buy the XRP and hold it until the future for sell it at a satisfactory price, they have to make sure that the price is it's at its lowest.
On the Daily – Weekly time frame easily we observe the Head and Shoulders pattern which is telling us that the price will reverse and testing the lower prices before an uptrend.
On the weekly time frame we can see that the market signals us for a reversal. We can see the Hanging Man candlestick (09 Dec 2024) and the Bearish Engulfing candlestick (27 Jan 2025).
Major prices using Fibonacci Retracement:
0.00% (3.4000)
23.60% (2.6879)
38.20% (2.2474)
50.00% (1.8914)
61.80% (1.5353)
78.60% (1.0284)
100.00% (0.3827)
Spotting major prices helping us which price to buy. Good spots for buy:
61.80% (1.5353) – Golden Zone / Golden Pocket
78.60% (1.0284) – Entry Zone
Between 78.60% (1.0284) and 100.00% (0.3827) is the Risk Zone, which we have the neckline of the ‘’ Quadruple Bottom Pattern ‘’ at the price range ‘’ 0.6291 – 0.7850 ‘’ and safer zone to buy at ‘’ 0.9500 ‘’…
For sure we will meet a lot of consolidation at 50.00% (1.8914) before the prices will drop.
The only remaining is the fundamentals that we can apply them in the chart.
Thanks to all of you!
Trade active
Weekly - Monthly trend: BearishChart Pattern: Head & Shoulders (H&S) - Continuation Pattern
Retracement Fib Price Levels:
0.00% (3.4000)
23.60% (2.6879)
38.20% (2.2474)
50.00% (1.8914)
61.80% (1.5353)
78.60% (1.0284)
100.00% (0.3827)
Good prices for buy:
61.80% (1.5353) – Golden Zone / Golden Pocket
78.60% (1.0284) – Entry Zone
Between 78.60% (1.0284) and 100.00% (0.3827) is the Risk Zone, which we have the Neckline of the ‘’ Quadruple Bottom Pattern ‘’ at the price range ‘’ 0.6291 – 0.7850 ‘’
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.