ForecastCity
Long

There is a possibility for the beginning of an uptrend in XRPUSD

BITFINEX:XRPUSD   XRP / U.S. Dollar
Technical analysis:
. RIPPLE/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.30000 to 0.26000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.30000)
Ending of entry zone (0.26000)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.35520
TP2= @ 0.38230
TP3= @ 0.42415
TP4= @ 0.46990
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96780
TP9= @ 1.41240
TP10= @ 1.61350
TP11= Free
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ForecastCity Ronnie_Dong
@Ronnie_Dong, Failed but tnx for sharing
Reply
Ronnie_Dong ForecastCity
@ForecastCity, Yes. The price suddenly went up.But we haven't reached the stop yet,we can stick with it a little bit longer
+1 Reply
ForecastCity Ronnie_Dong
@Ronnie_Dong, Thank you.
Reply
Thanks for sharing this grate TA.
+1 Reply
@fxniki, You're welcome.
Reply
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