XRPUSDT trade ideas
XRP Bollinger Bands Tighten: Price Explosion Ahead?XRP, the digital asset powering Ripple's payment network, has been a subject of intense speculation and trading activity within the cryptocurrency market.1 Recently, a key technical indicator known as Bollinger Bands has been exhibiting a pattern that often precedes significant price movements.2 This phenomenon, known as a "tightening" or "squeeze," has caught the attention of traders and analysts, raising questions about XRP's next major price swing.3
Understanding Bollinger Bands
Bollinger Bands, developed by John Bollinger, are a popular technical analysis tool used to measure price volatility and identify potential overbought or oversold conditions.4 The indicator consists of three lines plotted on a price chart:5
• Middle Band: A simple moving average (SMA) of the price, typically a 20-day SMA.6
• Upper Band: Calculated by adding a certain number of standard deviations (usually two) to the middle band.7
• Lower Band: Calculated by subtracting the same number of standard deviations from the middle band.
The bands widen when the price is volatile and contract when the price is stable.8 This dynamic nature of the bands provides traders with valuable insights into the degree of price fluctuations.9
The Significance of a Tightening
When the Bollinger Bands tighten, it indicates a period of low volatility.10 The price is confined within a narrow range, and the bands contract towards the middle band.11 This pattern often precedes a significant price movement, as the energy stored during the period of consolidation is released in a subsequent breakout or breakdown.12
The direction of the breakout is not predetermined by the tightening itself. The price can break out above the upper band, signaling a bullish move, or break down below the lower band, indicating a bearish move.13 Traders often look for other confirming indicators or patterns to anticipate the direction of the breakout.14
XRP's Tightening Bollinger Bands
In the case of XRP, the Bollinger Bands on the daily chart have been observed to be tightening.15 This suggests that a major price move could be on the horizon. The cryptocurrency has been trading within a relatively narrow range, and the bands have been contracting, indicating decreasing volatility.16
This tightening pattern has raised speculation about the direction of XRP's next major price swing.17 While the tightening itself does not provide a definitive answer, it does suggest that a significant move is imminent.18 Traders are closely monitoring the price action for signs of a breakout or breakdown.19
XRP Price Falling: Doji Candle Points to a Rally to $5+ After Crash?
Adding another layer of intrigue to XRP's price action is the recent formation of a doji candle. A doji is a candlestick pattern characterized by a small body and long upper and lower wicks.20 It indicates indecision in the market, as neither buyers nor sellers are in clear control.
Doji candles are often observed at turning points in the market, signaling a potential reversal of the prevailing trend.21 In the case of XRP, the doji has formed after a period of price decline, suggesting that the selling pressure may be waning.
Some analysts interpret this doji formation as a potential precursor to a rally, with some even speculating a surge to $5 or beyond. However, it's crucial to exercise caution and consider other factors before drawing definitive conclusions.
Additional Factors to Consider
While the tightening Bollinger Bands and the doji candle provide valuable insights, it's essential to consider other factors that could influence XRP's price action:
• Market Sentiment: The overall sentiment in the cryptocurrency market can significantly impact XRP's price.22 Positive news or developments could fuel a rally, while negative news or regulatory concerns could trigger a decline.
• Fundamental Developments: Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) continues to be a major factor influencing XRP's price.23 A favorable outcome could boost investor confidence, while an unfavorable outcome could have the opposite effect.
• Trading Volume: Increased trading volume during a breakout or breakdown can provide further confirmation of the move's validity. Low volume breakouts can be unreliable and prone to reversals.
Conclusion
The tightening Bollinger Bands on XRP's daily chart suggest that a major price move is imminent.24 The formation of a doji candle adds further intrigue, hinting at a potential reversal of the recent downtrend.
However, it's crucial to consider other factors, such as market sentiment, fundamental developments, and trading volume, before making any trading decisions. The cryptocurrency market is highly volatile, and prices can fluctuate significantly in short periods.25
Traders should exercise caution, conduct thorough research, and use appropriate risk management strategies. While the technical indicators provide valuable insights, they should not be the sole basis for investment decisions.
XRP - 4H Elliott Wave AnalysisGreetings, this is our Elliott Wave Analysis for the current XRP chart on the 4H timeframe.
Enjoy! :)
We assume that we have a blue Wave 1 in and work on a blue Wave 2 of the 5th Wave of a higher timeframe. Blue Wave 2 support sits between the 0.5 FIB at 2.8648 USD and the 0.786 FIB at 2.5587 USD. After blue Wave 2 is in we will look for an impulse to the upside in blue Wave 3.
We assume blue Wave 2 is currently ongoing as a WXY displayed in red here. Where we finished Wave W & X and are working on the red Wave Y which is unfolding as an ABC displayed in orange where we are working or finished orange Wave B in the yellow ABCDE triangle.
For targets areas we get plenty of confluences around that 2.83 USD to the 2.77 USD area where the 1 to 1 FIB ratio at 2.7972 USD sits. We also got a wick low right above at 2.8277 USD which could provide some liquidity for a bounce.
Further support would be at the swing low at 2.7107 USD which sits right in the golden pocket displayed at the green box in our blue Wave 2 support area.
And in case we go deep into the support area we have a 1.618 FIB at 2.5447 USD which is in confluence with the 0.786 FIB at 2.5587 USD of our blue Wave 2 support area. That would be a rather deep retracement and we don't want to see a sustained break of the support area.
Be aware that a break above the yellow line at 3.2031 USD would be the first indication that we might be going up more directly up or that yellow Wave C of the Elliott Wave Triangle in orange Wave B is resetting. A break above the yellow A Wave at 3.2854 USD would invalide the Elliott Wave Triangle in the yellow ABCDE and indicate that the price is following another count or breaking out to the upside.
Thanks for reading.
NO FINANCIAL ADVICE.
Next price in the range of 4.5 ???As you can see, Ripple has formed a channel with an upward slope in the daily timeframe, and this decline caused the candle to hit the bottom of the channel exactly.
Considering the trend inside the channel, the next price should be in the range of 4.5. After reaching this price, if the channel is broken, unexpected prices should be expected.
If the trend remains inside the channel, it will reach higher prices according to the same slope created.
XRP Remains Fragile Below ResistanceXRP Remains Fragile Below Resistance
In a recent analysis, we noted that XRP has reached its first target and is currently testing the reversal zone.
While this bearish scenario might not be appealing and good for you, it's crucial to acknowledge that it remains a possibility as long as the price stays below resistance.
If uncertainty continues to surround the crypto market, XRP could easily reach its first and second targets.
It's also worth noting that President Trump postponed the tariff increase, and a similar approach could be taken with cryptocurrencies. If that happens the crypto market may crash easily.
You can find more details in the chart.
Thank you!
XRP 1HR ANALYSIS 🚨 XRP 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1: 3.39
• TP2: 3.67
📉 Downside Targets:
• TP1: 2.88
• TP2: 2.60
So we have to watch out for level. If XRP stays below 3.11- 3.07 then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
XRP ready to next stepIn this chart, a harmonic pattern called the “Butterfly Pattern” is visible, with key points labeled as X, A, B, C, and D. Here’s a brief explanation of the components:
1. Harmonic Pattern:
• The pattern is based on specific Fibonacci ratios. The levels indicate that the price may potentially reverse upward from point D.
• Point D is typically where the price is expected to react.
2. MACD:
• The MACD indicator at the bottom shows momentum changes. The blue and orange lines moving downward indicate decreasing buying power.
3. RSI:
• The RSI indicator is in oversold territory (below 30), suggesting a potential reversal in the price.
4. Price Target:
• The blue arrow and the yellow line at the top indicate a potential price target (4.3081). This target is based on technical analysis and might represent a future resistance level.
Big XRP bullish move formingBYBIT:XRPUSDT has formed a (remarkably equaliteral) triangle flag pattern since breaking out of the parallel channel flag*. Given the previous 25% move upwards (i.e. the flagpole), text book technical analysis theory states that there is another upwards move imminent. This is a good opportunity for a medium term (approx. one month long) bullish swing trade.
A few things to note:
*The breakout move from the parallel flag channel was a text book move upwards where it moved outside of the channel (breakout move), then returned back to the resistance line of the parallel channel, which became support, and then continued the move upwards. This provided a very good entry opportunity upon the return move once the daily candlestick showed proved that resistance line is a now a line of support (i.e. the candlestick is of a dragonfly shape) - you enter on the dragonfly share confirmation
The triangle flag pattern is running out of room. i.e. the move is expected to come soon (this coming week) as the candlesticks are getting smaller and smaller in size, following, broadly speaking, the triangles lines of support and resistance, and there are not many days left until the candlesticks will naturally move out of the triangle.
The market psychology behind this is that the buyers who made a profit on the recent flagpole are now selling, with newer, bullish buyers entering the market. The price which the sellers are willing to sell and and buyers willing to purchase at is getting closer and closer, which usually means the continuation of the trend as there are more buyers (in this case) than sellers (i.e. people are willing to buy at a price closer and closer to the sellers ask price and sellers don't have to drop their prices as much to entire people to buy)
This is consistent with the optimistic and bullish sentiment for the economy in generally, stock market and crypto since Trump's election victory with Trump having recently announced that he would prefer lower interest rates i.e. The chart formation is showing that there are still more bulls than bears.
Risk to this move are that the RSI is overbought (which in this case can be ignored as it has been overbought for a few months and the nature of the indicator is that in a bullish market it remains at an overbought level regularly) and that the crypto market is prone to large gyrations on rumours and even minor US governmental policy announcements.
XRP Market analysis - Bullish
XRP has recently rebounded strongly from a critical support level on the 4-hour timeframe, with the RSI indicating oversold conditions. Furthermore, increasing whale activity and rising XRP ledger adoption suggest growing institutional interest. All these factors signal a potential bullish momentum for XRP.
📉 Expectations:
We anticipate XRP to re-test the immediate resistance levels outlined in the attached chart. Breaking these could trigger a further rally.
📊 Trading Strategy:
This setup combines technical analysis with volume-based confirmations, making it ideal for medium to long-term trades. Always maintain sufficient margin and implement robust risk management to account for market volatility.
🚦 Trading Rules:
1️⃣ Rule 1: Enter the trade only after the price crosses above our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Once Target 1 is reached, consider partially closing positions or moving your STOP LOSS to the ENTRY price to secure gains.
3️⃣ Rule 3: Avoid opening new trades based on the same signal once Target 1 is achieved.
4️⃣ Rule 4: If XRP consolidates near resistance for over 2 days, close the trade and wait for fresh opportunities.
💡 Disclaimer:
This is not financial advice—simply an educational post sharing my ideas and thoughts. Always do your own research and consult with a financial advisor before making any investment decisions.
Feel free to ask any questions or share feedback. Good luck, and trade smartly! 🚀✨
XRPUSDT.4HThe 4-hour XRP/USDT chart reflects a period of consolidation following a strong bullish rally, signaling that the market is pausing to decide on its next directional move.
Key Levels of Interest:
Resistance (R1): The immediate resistance lies at $3.3885, which has capped the recent upward movement. A break and close above this level could pave the way toward the next significant resistance zone (R2), located around $4.0000–$4.2000.
Support (S1): On the downside, the nearest support level is marked at $2.7561, aligning with prior accumulation areas and the ascending trendline.
Major Resistance (R2): If the price clears R1, R2 will likely act as a medium-term target, reflecting a strong psychological barrier for the bulls.
Chart Patterns and Market Structure:
XRP is currently consolidating in a horizontal channel, forming a flag-like continuation pattern after the sharp upward breakout. This indicates potential bullish continuation, provided the price holds above S1 and breaks R1 with volume confirmation.
However, failure to hold S1 could trigger a retest of lower support zones, invalidating the bullish outlook in the short term.
Technical Indicators:
MACD (12, 26, close): The MACD shows signs of stagnation, with both the MACD and signal lines near the zero line. A bullish crossover or divergence could confirm upward momentum, while a bearish crossover might signal a deeper correction.
RSI (14): The RSI is hovering near the neutral zone at 49.29, reflecting market indecision. A move above 60 would validate bullish strength, while a dip below 40 could intensify selling pressure.
Volume and Momentum:
Declining volume during the consolidation phase is typical of a flag pattern, but a breakout will require a notable increase in volume to confirm directional bias.
Conclusion: The market is at a critical juncture, with the $3.3885 resistance level acting as a key barrier for bullish continuation. A breakout above R1 would likely target $4.0000–$4.2000 (R2), signaling the resumption of the uptrend. Conversely, a breakdown below $2.7561 (S1) could push the price toward lower levels, invalidating the bullish structure.
Strategic Approaches:
Bullish Scenario: Enter long positions upon a confirmed breakout above R1 with increased volume, targeting R2. Stops should be placed just below the breakout level.
Bearish Scenario: If the price breaks below S1, consider short positions targeting the next significant support levels, with stops above the breakdown level.
Risk Management: Given the current consolidation phase, maintain proper stop-loss levels to protect against false breakouts or unexpected volatility.
XRP UpdateLooking at XRP, we have the same situation we have with Solana. This is a regular update.
This trading pair produced a bullish breakout recently. This bullish breakout produced a "shy higher high," just as it happened with Bitcoin. This shy higher high is good news.
This is good news because the consolidation phase is not yet over, not in relation to maximum growth and bullish momentum developing for the market. When the market is sideways, price swings are happening all of the time, up and down. This up and down can result in whipsaws, money lost. A break of support can result in many stop-loss orders being activated, many LONG positions being liquidated; but the market broke up.
This breakout is part of the same consolidation phase but it opens the doors for prices to move lower without changing the chart structure, the bulls remaining ahead. We have 28 days left before boom-boom 2025 bull-market, and it is evident how the market has been bullish, sentiment wise, and fundamentally, but neutral, sideways and even bearish in some cases technically, the price. This is all part of the last opportunity to buy before the 2025 bull-market bull-run. This is the last chance, truly it is.
As for XRPUSDT, the main scenario we see is more consolidation coupled with a small retrace, can be days or weeks. This small retrace will keep the chart intact as mentioned, and any drops and retraces are a buy opportunity for smart traders; always LONG, never SHORT.
Why always LONG?
We are in a bull-market.
The initial move is bullish (starting in October 2024).
The small retrace is part of a period of consolidation before additional growth.
The chart is bullish, the market is bullish; everything turning positive and getting better by the day.
XRP won the battle against the SEC.
The people won the battle against the capricious and abuse of power officials in the previous government. These developments are positive for the crypto-space and will soon show up in the price, make no mistake. This is it.
Patience is key of course but we are in the green.
The market never moves straight up nor straight down, there are always periods of rest between each impulse wave.
This is not bad. This is great.
Take it for what it is. The market is giving you an opportunity to find money and invest in Cryptocurrency all you want. The market is giving you time, another chance, to position yourself and plan, all this before maximum growth.
Is this cheating?
Is this even legal?
We know exactly what is going to happen so we know what to do to achieve financial success.
Knowing things beforehand is not cheating nor illegal, this is all based on experience, dedication and hard work. These things give us wisdom and this wisdom we use to support each other and produce positive results.
We know the market is going to grow, the best action is to buy and hold focusing on the long-term.
The bull-market will be a standard bull-market, and that's ok.
Just as everything turns positive, when the market peaks some reasons will develop that will compel the giants to sell, and this will mark the top. This too is normal and expected, we accept the profits and move on.
When the next bearish cycle is in, this one will be much smaller than the last one, we just take it as another opportunity to buy-in, rebuy and reload.
The market will continue to fluctuate.
XRP will continue to grow.
We are now reaching the end of a consolidation phase while in the bullish zone.
All conditions are bullish.
The recent rise allows for a drop that will not break the positive structure of the chart. This is what it means.
After the last flush, expect big green.
You can always count on me to be here and share some numbers when the time is right.
I never look at the charts for entry, nor chase any pair.
When the time is right, based on intuition, I just take a leap and let the market take care of the rest.
So far in this cycle we have perfect timing with XRP.
But it is ok to know that some trades are loss, some others we win.
It is ok to be wrong.
It would be foolish to think we have to be perfect or need to win them all.
We don't need to win anything, we just need to do our job.
Insist and persist, consistency will yield the results you want.
The battle is already half won.
Cryptocurrency is now being fully supported by the law.
First we fight. We fought and we won.
Namaste.
Is Ripple the best cryptocurrency in the world right now?Hello and greetings to all the crypto enthusiasts, ✌
Reading this educational material will require approximately 10 minutes of your time . For your convenience, I have summarized the key points in 10 concise lines at the end . I trust this information will prove to be insightful and valuable in enhancing your understanding of Ripple and its role in the global financial landscape.
Personal Insights and Technical Analysis of Ripple:
Ripple stands out as an innovative solution for interbank communication and a glimpse into the future of global financial transactions. Its vast potential has caught my attention for several years, and I’ve been following its development closely. From a technical standpoint, I believe Ripple’s price could initially hit targets of $4, $6, and even $10 . Looking further ahead, there's potential for even higher valuations in the long run.
That being said, please take note of the disclaimer section at the bottom of each post provided by the website, this is merely my personal opinion and should not be interpreted as financial advice.
Understanding Ripple’s True Nature:
When most people hear "Ripple," they immediately think of cryptocurrency. However, many overlook that Ripple is not just a digital currency, but mainly a digital payment network. This is a key distinction because Ripple’s goal is much broader than simply being a cryptocurrency. While Bitcoin is mainly a store of value and a form of digital money, Ripple’s primary focus is on facilitating global money transfers.
XRP, often called Ripple, is the currency used within this payment system, mostly for paying transaction fees. Ripple runs on the XRP Ledger (XRPL), an open-source, decentralized blockchain built to enable fast, secure transactions through Ripple's protocol, RTXP.
Ripple’s network is often confused with blockchain, but it’s more accurately a type of distributed ledger technology (DLT). Ripple uses a unique consensus method known as the Ripple Protocol Consensus Algorithm (RPCA), based on the Federated Byzantine Agreement (FBA) protocol. This approach differs from Bitcoin’s, allowing Ripple to offer quicker transactions and lower fees than traditional banking systems.
Ripple's Consensus Mechanism:
Ripple’s RPCA is designed to quickly and securely verify transactions. A group of independent nodes within the network work together to reach a consensus on whether transactions are valid. This process is central to Ripple’s mission of enhancing transaction speed and cutting costs, making it a real alternative to traditional financial systems.
XRP Supply and Distribution:
XRP is integral to Ripple’s network. The total supply of XRP is capped at 100 billion tokens, all of which were pre-mined before Ripple’s official launch in June 2012. Here’s how they were distributed:
20 billion XRP went to Ripple’s founding team and early investors.
55 billion XRP were locked in an escrow account, with 1 billion XRP released each month according to a set plan.
The rest was sold to early investors during the initial coin offering (ICO).
Ripple vs. SEC Legal Dispute:
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) started in late 2020 and became one of the most high-profile cases in cryptocurrency history. The SEC argued that XRP should be classified as an unregistered security, claiming Ripple Labs raised over $1.3 billion from XRP sales. Ripple denied this, stating that XRP is a utility token with multiple use cases beyond being a security.
In June 2023, a judge ruled that while XRP sales to institutional investors counted as unregistered securities, the “blind bid” method (where buyers' identities are hidden) allowed Ripple to win partially. This ruling was a significant step in the case, though legal challenges were far from over.
By October 2023, the SEC expanded its lawsuit to include claims that Ripple executives Garlinghouse and Larsen had violated securities laws. However, in August 2024, the court ruled with Ripple, fining the company $125.023 million—much less than the $1.9 billion the SEC had initially sought. The most important takeaway was that XRP itself was not considered a security.
Ripple’s Main Products:
Ripple offers three key products for banks and financial institutions, collectively known as RippleNet:
xCurrent
xRapid
xVia
Each of these solutions addresses different problems in the financial industry, but it’s important to note that only xRapid directly uses XRP. The other two, xCurrent and xVia, don’t require XRP to function.
xCurrent:
xCurrent allows financial institutions to process real-time, cross-border payments. It uses a distributed ledger called Interledger, which was created by Ripple’s team but is managed by the World Wide Web Consortium (W3C). Unlike Ripple’s proprietary XRP Ledger, Interledger’s role is to facilitate seamless and secure exchanges between currencies, not just digital assets like XRP. XRP is not needed for xCurrent.
xRapid:
xRapid solves liquidity problems in cross-border transactions by using XRP. This service enables financial institutions to convert fiat currency into XRP for transfer, and then back into the local currency when it reaches the destination. This eliminates the need for intermediary banks and makes international payments faster and more cost-effective. However, XRP’s liquidity across global exchanges is crucial to xRapid’s success.
xVia:
xVia is an interface that connects Ripple’s products, xCurrent and xRapid, to streamline how businesses integrate Ripple’s solutions. Launched in 2018 and still in testing, xVia aims to simplify payments for businesses around the world.
Ripple’s Team and Evolution:
Ripple’s journey began in 2004 when Ryan Fugger created RipplePay, a system meant to enable global peer-to-peer payments. Although it had potential, it didn’t gain much traction, with fewer than 10,000 users by 2011.
In 2011, Jed McCaleb, a well-known figure in the Bitcoin community, took over the project. He convinced Fugger to hand him control, setting the stage for Ripple’s transformation.
Chris Larsen’s Role and Ripple’s Rebranding:
In 2012, McCaleb brought on Chris Larsen, a successful tech entrepreneur, to help drive Ripple’s development. Together, they rebranded the company as Opencoin, which was the first of three name changes before it became Ripple Labs.
That same year, Jesse Powell, the founder of a major cryptocurrency exchange, invested $200,000 in Ripple, helping propel the company’s growth, along with backing from early investors like Roger Ver, Bitcoin Cash’s creator.
McCaleb’s Departure and Stellar:
In 2014, McCaleb left Ripple due to internal differences, feeling the company was moving away from his original vision. Soon after, he co-founded Stellar, another blockchain project focused on financial inclusion and cross-border payments.
🧨 Our team's main opinion is: 🧨
Ripple is an innovative digital payment network, not just a cryptocurrency. Its primary focus is enabling global money transfers, with XRP acting as the utility token for transaction fees. Operating on the XRP Ledger, Ripple uses a distinct consensus mechanism (RPCA) to ensure fast and cost-efficient transactions. The total XRP supply is capped at 100 billion, with a large portion kept in escrow. Despite facing legal challenges, particularly with the SEC, key rulings, including one in 2024, affirmed that XRP itself isn't considered a security. Ripple offers three main products: xCurrent (for cross-border payments), xRapid (providing liquidity through XRP), and xVia (for easy integration). Ripple's journey began in 2004, but it took a pivotal turn in 2012 when Chris Larsen and Jed McCaleb rebranded the company. McCaleb eventually left in 2014 to co-found Stellar, another blockchain project focused on similar goals.
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XRP/USDT Is This the Perfect Entry for a Big Move ?This chart of XRP/USDT, showcases a long position setup with a detailed entry, target levels, and stop-loss placement. The price action is currently positioned within a key support zone, defined between $3.05 and $3.15, where significant buying interest has been observed. Historical price movements indicate multiple bounces from this region, reinforcing its role as a strong demand area.
The outlined trading plan leverages technical analysis to project potential price levels and manage risk effectively. A stop-loss at $2.96 is strategically placed just below the buy zone to minimize downside exposure. The initial resistance level is $3.18, marking the first potential profit-taking zone. This is followed by subsequent targets at $3.22, $3.26, $3.30, and $3.35, which align with prior highs and areas of selling pressure. These targets provide incremental profit opportunities as the trade progresses.
The chart also indicates a bullish breakout from a consolidation phase, with increased buying momentum evident in recent candle formations. This momentum is expected to drive the price towards the resistance levels, provided there is no significant selling pressure. The risk-to-reward ratio improves considerably with each higher target, making the trade favorable for disciplined execution.
This setup is designed for leveraged trading. The approach amplifies potential returns while ensuring risk remains controlled through a predefined stop-loss. The $3.18 and $3.22 levels are critical for determining the strength of the bullish move, as price reactions at these points will dictate the likelihood of reaching higher targets.
This trade balances calculated risk with substantial profit potential, leveraging technical patterns and key support-resistance dynamics to optimize the long position strategy.
XRP/USDT 1H: Bulls Targeting $3.35 After Key Accumulation XRP/USDT 1H Chart Analysis
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Current Price: $3.1850
Market Structure:
Bullish momentum building after filling the FVG at $3.05.
Higher lows forming, suggesting accumulation phase nearing completion.
Smart Money Analysis:
Accumulation Zone: $3.05-$3.10 (visible institutional activity).
Hidden Bullish Divergence: RSI at 58.01 supports continuation.
Premium Zone: $3.35-$3.40 as potential target area.
Trade Setup (Confidence Level: 7/10):
Entry Zone: $3.18-$3.20
Targets:
T1: $3.28
T2: $3.35
Stop Loss: Below $3.04 (recent FVG).
Risk Score: 6/10 (moderate).
Market Maker Intent:
Likely targeting liquidity in the premium zone ($3.35-$3.40).
Strong support established at $3.05 with visible institutional buying.
Breakout confirmation above $3.20 will solidify the bullish bias.
Recommendation:
Long position favored within the $3.18-$3.20 zone.
Monitor volume and price action closely for confirmation of breakout above $3.20.
Confidence Level: 7/10 for bullish continuation.
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