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 34.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.29000 to 0.26000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.29000)
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:
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TP7= @ 0.79100
TP8= @ 0.96780
TP9= @ 1.41240
TP10= Free
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I like this, no BS, no fluff showing what tribe you're in, just the basics and to the point.
+1 Reply
@fidgety, Thanks for your comment on this post.
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Is this idea still valid !
+1 Reply
ForecastCity firasnayfeh
@firasnayfeh, Yes, it is.
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firasnayfeh ForecastCity
@ForecastCity, whatvwould the stop loss ?
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ForecastCity firasnayfeh
@firasnayfeh, To read about Stop loss please visit the link: https://www.forecastcity.com/en/node/488
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I agree that Ripple/Dollar is in a range bound. Thanks
+2 Reply
@fxniki, Thanks for sharing your point of view.
+1 Reply
Very useful information here, Thanks!👍
+2 Reply
ForecastCity Buzz_Leighton
@Buzz_Leighton, You're welcome.
+1 Reply
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