bluebeach2010
Short

Ripple trading signal

BINANCE:XRPBTC   XRP / Bitcoin
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2
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Ripple will go down in short-term. Here's the scenario, today or few day ahead it'll close it's daily candle below 7.800 Sats . Then it'll straight to potentially 3 level support with the most expected is on the buy area.

Here's the support level
S1 : 6.420 Sats
S2 : 5.887 Sats
S3 : 4.490 Sats

The scenario will be invalidate if the candle manage to closed above 8.455 Sats . For hodler, I suggest do stop loss partially when XRP between the critical area then do another stop loss when it confirm below critical area. The amount of stop loss percentage I leave it to you. Anyway you could re-buy on the buy area.

Long-term, I remain bullish with XRP.

Mar 20
Comment: Ripple had just broke below critical support 7.800 Sats. Times running out for stoploss. Do you rally wanna hodl it ?
Mar 22
Comment:
Here you go the bottom price of XRP at 6.600 Satoshi. My Target price isn't precisely hit (yet?) but the prediction seems valid to me. Currently it form symetrical triangle (grey line) on will about to breakout up or down. Which way will go ? What I can tell you for now is just wait the breakout confirmation, let market decide. I'm really appreciate if y'all following or like my ideas. Thank you
Mar 22
Trade closed: target reached
nice ripple chart. i totally agree with shorting. But why is critical support 7.8 (seems like it was, as it has been looking like heavy resistance for the past few hours)? Can't it be 7.0 at the end of the wick - not candle? Not trying to criticize but just want to exchange ideas and learn from each other. Thanks.
+1 Reply
bluebeach2010 hussein_hajahmad88
@hussein_hajahmad88, why 7.800 satoshi ? well it's because where the EMA120 lies, EMA7 fail to support the fall, and it was the closing price at candle 3 March that create the previous low. Your welcome mate.
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