XRPUSD: Possible Long| Alt Short (08.12.2020)On H4, XRP price fluctuates into the corrective model of the triangle. Besides, there is a convergence bull model between RSI and price.
On H1, the price is correcting downward, reaching the key support levels by Fibonacci. Also, the RSI has reached the oversold level, signalling the possible end of the correction.
We recommend buying XRP (to keep the position above $ 0.8). However, we also recommend paying attention to an alternative scenario, which implies the formation of a false trend pattern and the start of a price decline to $ 0.4.
XRPUSDTPERP
✳️Ripple/USDT (21/11) View + Trading Plan #XRP $XRPXRP is in a very strong uptrend and will continue to rise sharply in the coming days. XRP could rise as far as 0.65$ by early 2021.
📈BUY- LONG
-Buy: 0.31-0.32$
-Buy more: 0.27-0.28$, SL if B
📉SELL-SHORT
-Sell: 0.40-0.42$, SL if A
-Sell: 0.48-0.50$, SL if A
-Sell: 0.65-0.67$, SL if A
♻️BACK-UP
-Sell close to 0.27-0.28$ if B, SL if A
-Buy: 0.19-0.20$, SL if B
-Sell close to
❓Details
Condition A : "If 3D candle closes ABOVE this zone"
Condition B : "If 3D candle closes BELOW this zone"
XRPUSDTPERP huge squeeze, price is traded in upward wedgeHi, everyone! Today we’ll take a look at XRPUSDTPERP!
As you can see from the chart, the price is being traded in a rising wedge. Now it bounced off of the line of resistance, and I expect the price to fall to the line of support with further rebound and growth. As we saw last night, we faced an unpleasant for bulls squeeze, so, friends, when it comes to Ripple, do not forget to put stops to avoid unwanted losses. Friends, this is my personal opinion, not a call to action! May the profit be with you!
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XRP/USDTPERP 4H (Binance) Ascending channel breakout & pull-backStill going on with the competition, that's our short-term set-up for Ripple:
Sell Entry= 0.1866 - 0.1888
Take Profit= 0.1787 | 0.1713 | 0.1619
Stop Loss= 0.1967
Risk/Reward= 1:1 | 1:1.82 | 1:2.87
Expected Profit= 14.37% | 26.22% | 41.25%
Possible Loss= -14.37%
Margin Leverage= 3x