Xrp-btc
Ripple , Great Long-Term Hunting Opportunity in #XRPBTCTechnical analysis:
RIPPLE is in Range bound but Resumption of uptrend is expected.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 37.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0000869 to 0.0000582), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.0000869)
.Ending of entry zone (0.0000582)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.000128 (First Target)
TP2= @ 0.000146 (second Target)
TP3= @ 0.000178 (Third Target)
TP4= @ 0.000229 (Fourth Target)
TP5= @ Free
XRP/BTC: A fateful decisionRipple will get dumb again or up straight to the stars, i mean buy that the resistance area up there. This will happen after a while (2 months).
If it get dumb again under the support area the growth will take much longer, maybe even to 3-4 months depending on the state of the market but when it does not make it that way! We will reach 0.002 BTC for less than 2 months, just hope for the best.
The next image will explain everything:
Purple: Fast growth.
Yellow: Slow growth.
Time to SHORT XRP/BTCYesterday XRP/BTC touched off on the .000118 resistance and rebounded back down. This was a key resistance level which held and prices are currently making their way back down. Given past market movements, I think we could see new lows set in within 4-9 days. Get your short position in at .000113 to .000114 while prices are holding!
Short this down to .000085!
XRP/BTC possible bullish flag Short term trade
Disclaimer
It is not a financial advice, everything you see in this chart is a personal opinion should not be used as an offer to buy, hold or sell any security. Be aware that trading cryptocurrencies can result in losses. Therefore, consult your trading idea with a financial advisor.
XRP Descending trend medium termsAfter this healthy 75% correction over ATH of 3,3 we should see XRP testing 2,47 resistance short term which will unlikely break (see slowstoch). Medium terms we will retest 0,86 support which should hold and next true breakout /price surge likely to happen by end of March to new height. Obviously there will be few announcements which will create momentum before then, but on which scale it will affect price is unpredictable. Take this as a conservative TA.
XRP to $0.70, then breaking upward out of channelXRP will continue to fall to its 786 fib, where it also shares support with the MA(100) @ $0.70. Near Jan 21st, XRP will enter a TTM squeeze and break positive out of the channel upward out of the downward channel by the 23rd. It may bounce off of $1.00 and out but I would find this highly unusual and overall detrimental to the stability of the coin.
Upvote if you agree, I'm new :)