XRP has broke out of the falling wedge and has been in an uptrend since August 9th. The next MAJOR resistance is the thick red line. This resistance dates back to the ATH. The MACD on the 1D has flipped bullish and is so close to flipping bullish on the 1W. (Look at my previous analysis for that. RSI is about to flip above 50, which is bullish as well. If price...
For whatever reason; chart is not publishing as it is on my screen so I've reprinted the SS above ^ T1-4 with TP1 & 2 being SHORTSELL exits (48-80 hrs) TP3 a mid position (timeframe 3-5 days) TP4 a LONG position (>7 days -- pointless to speculate) OFC stop @ 3151 <-- MOST IMPORTANT FIGURE!! So I'm leaving this a neutral publication as...
Hi guys its Brian here with a potential long setup for XRPBTC. XRP has been taking some serious damage for the past 2 months or so. However today it is one of the coins that is in the green amongst the sea of red. Currently XRP is having its 4th green day on the daily time frame. MACD has just started to cross to the upside. Stochastic RSI has already crossed...
Before the next +2X wave, we should have up to 5 month consecutive down trend to go** Entry & TPs will be shared later. Good luck! **Not a trading advice.
Seem like market formed Cup and handle pattern and now it's availabe inside handle and can breakout in few days and can trade as per drawn chart. But as per market condition, i will not recommend to wait for higher targets (as per pattern target) but can take decent profit with tight Stop-loss.
Big Risk to Reward: - Targets labeled below (Will be watching price movement / reaction around those areas) - Watch the zone we are currently in for potential resistance / support flip! - If support holds (8450) we could continue upward... - Don't FOMO wait for a good entry point - watch price movement around supports - Its to note that XRP has been correlating...
Bear Pennant forming on the H4 - Good Risk to Reward - Tight Stop (In case we do breakup...) - Watching MACD carefully - Short targets labeled below Will be watching this one today to see how the market develops!