Xrpusdtrading
XRPUSDT Ideajust need to wait for the confirmation .
three possible scenario looking at the moment.
1.) xrp going towards 2.2$ after breaking 1.94$ from 1.6$
2.) xrp testing trendline at 1.53$ and going towards 1.8$
3.) xrp breaking the trendline at 1.53 and going downwards to retest support at 1.43
Start growing to test the latest resistanceUnfortunately, I reached this analysis late and passed the entry point, it may touch these two entry points again, which is suitable for purchase.
Support for two marked lines and MA50. Two important resistors are marked with a red line
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RIPPLE (XRPUSD) - Precondition:
Stopping volume.
The trend is globally rising.
The mirror level shows a big player. A large volume is thrown on defense.
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XRPUSDT - Break out trend linePrecondition:
Break out trend line
R/R - 1/3
Global trend up
Local trend up
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Binance Futures Trade Idea: XRPUSDT 10x Long
Binance Futures Trade Idea: XRPUSDT
Based on large pennant / upside continuation pattern on 4hr chart.
Possible hidden bullish divergence on RSI.
MACD starting to curve upwards.
Declining volume in pennant indicates explosive move with incoming volume.
Long XRP @ 0.6 (average buy-in), 10x Leverage
SL @ 0.58, below ascending trendline.
TP1 @ 0.7839, local high
TP2 @ 0.9650, measured pennant height
TP3 @ 1.00, psychological value ... or let it ride