Hello, friends welcome to this analysis on $XRP.
$xrp had a strong move last week but it didn't finish there. currently, we are in a bull flag which is a bullish continuation pattern.
The fact that XRP didn't lose its value against BTC after the recent pop of BTC from 8900 to 9200, shows me that XRP is really strong and will most probably break to the upside.
you can wait for the break out for confirmation, or buy and have a stop-loss below the bull flag (the dotted blue triangle)
the targets will be 10770 dotted blue line, we have a resistant there as well that you can use to take profits if you want.
and the 2nd target is 12k sats.
good luck trading
$xrp had a strong move last week but it didn't finish there. currently, we are in a bull flag which is a bullish continuation pattern.
The fact that XRP didn't lose its value against BTC after the recent pop of BTC from 8900 to 9200, shows me that XRP is really strong and will most probably break to the upside.
you can wait for the break out for confirmation, or buy and have a stop-loss below the bull flag (the dotted blue triangle)
the targets will be 10770 dotted blue line, we have a resistant there as well that you can use to take profits if you want.
and the 2nd target is 12k sats.
good luck trading
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we can see that BB is becoming tight looks like we are ready for the break out soon.
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seems like its attempting to break up.
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yah :3
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we are good we broke out and retested the flag. we need more volume to go up.
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we can see that XRP wants to take off but we have sell side pressure you can understand it from the long wicks on top of the last 4 4hr candles. BB is getting tighter which show us we are getting close to the take off.
we are good to go we need some more time for this trade.
we are good to go we need some more time for this trade.
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you can see the price is curving up on the dotted green line and the BB is turning to the upside. it can be a good indicator as bulls are winning this round and we are close to moving up.
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as soon as I wanna sleep one of my charts break up and I have to manage it.
well, the picture is clear, huge break out as I expected.
i go sleep good luck trading
well, the picture is clear, huge break out as I expected.
i go sleep good luck trading
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guys a quick update. hope you see it.
seems like the whale who bought the breakout, didn't get enough follow up and sold his position.
I've brought up my stop loss 1% above my entry point and it got hit and I'm out of this trade with 1% profit.
at this point, xrp seems like it doesn't have enough interest at the moment.
so I decide to leave this trade and go find another coin that moves.
remember always move your stop loss to break even point at breakouts so you won't lose money to false breakouts ;).
don't let a winning trade become a losing trade.
but sometimes if you see things are not going according to your plan and you are in a 1-2% loss just get the loss and don't let the loss run.
if you lose 1-2% you can gain it back in next trades. but if you wait for the loss to keep running and wish for it to come back you gonna get hurt.
seems like the whale who bought the breakout, didn't get enough follow up and sold his position.
I've brought up my stop loss 1% above my entry point and it got hit and I'm out of this trade with 1% profit.
at this point, xrp seems like it doesn't have enough interest at the moment.
so I decide to leave this trade and go find another coin that moves.
remember always move your stop loss to break even point at breakouts so you won't lose money to false breakouts ;).
don't let a winning trade become a losing trade.
but sometimes if you see things are not going according to your plan and you are in a 1-2% loss just get the loss and don't let the loss run.
if you lose 1-2% you can gain it back in next trades. but if you wait for the loss to keep running and wish for it to come back you gonna get hurt.
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risk management name it the game and you will win in long run!
trading is 30% TA, 70% risk management in my opinion.
anyways, the overall chart of xrp looks good and it might go up. but at this point, I give up on it and look for another opportunity on another coin that is moving up. ;)
trading is 30% TA, 70% risk management in my opinion.
anyways, the overall chart of xrp looks good and it might go up. but at this point, I give up on it and look for another opportunity on another coin that is moving up. ;)
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as far as xrp manage to hold above the 9500 sat level it has a chance to go up. if it goes below it then I will not touch it!
hope you got this update in time.
good luck trading
hope you got this update in time.
good luck trading
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this is why I told you :P
anyways it might have dropped due to the BTC pump( 9400- 9739$)
anyways it might have dropped due to the BTC pump( 9400- 9739$)
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still, it looks like xrp is holding our 9500 sat area of support and looks like its showing some bottoming price action. if it holds this level, then it gonna have a chance to go higher. should wait for a few 1-hour candles to open and close in this area and prove us that it is a support.
if it goes below 9500 sats, then I expect the next supports will be at around 9347 and 8818 sat levels on the 50 and 100 4-hr EMAs.
if it goes below 9500 sats, then I expect the next supports will be at around 9347 and 8818 sat levels on the 50 and 100 4-hr EMAs.
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daddy no like =P
as I said I'm out of this trade.
but ill update it more for you, if you want.
let me know in the comment.
as I said I'm out of this trade.
but ill update it more for you, if you want.
let me know in the comment.
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looks like it has found some support on 100 day ema.
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looks like still keeping up there. a break below that level will be a bearish sign and a sell signal.
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nothing much to add at the moment. but the overall pattern doesn't look pleasant to me at all. and also we are making a bearish engulfing candle on the daily chart which is not closed yet.