XRP Short to 0.618 Fib for 79.65% potential gains!

Hello Future Millionaires!

Looks like XRP may be in a little trouble with the SEC!

If we close this next 4H below the prior 4H low at 0.4460, then I am looking for a short from the 0.382 Fibonacci to the 0.618 Fibonacci.

As they say, the fall like they rise! To that end, XRP shot up from the 0.618 to the 0.382 and I suspect it will fall back down just as quickly, provided we get a 4H close below support.

In confluence with the prior 4H horizontal support, we have the 0.382 Fibonacci, the 4H 377EMA. If this area breaks, it looks like the bears will continue their campaign!

Follow us now for regular TA on the hottest cryptos!

Let's get this crypto!

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Guide to My Charts

-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!

-Yellow lines are typically used to chart out pattern formations and trend lines!

-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).

-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.

-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.

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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!

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⚡️⚡️ #XRP/USD ⚡️⚡️
Client: My-ByBit-ETH-SCALP
Trade Type: Regular (Short)
Leverage: Cross

Entry Targets:
1) 0.4460 - 100.0%

Take-Profit Targets:
1) 0.3915 - 5.0%
2) 0.3500- 25.0%
3) 0.3405 - 40.0%
4) 0.3276 - 30%

Stop Targets:
1) 0.4850 - 100.0%

Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (0.0%)
Stop: Moving Target -
Trigger: Target (1)


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Entry: 0.4460
Entry Zone: 0.4552 - 0.4305

T1: 0.4285
T2: 0.4126
T3: 0.3916
T4: 0.3662
T5: 0.3426
T6: 0.3276

Stop: 0.4850

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R:R: 3.04
Risk: 8.74%
Reward: 26.55%
Leverage: 3X
Leveraged Risk: 26.22%
Leveraged Reward: 79.65%


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Disclaimer:

This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.

These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.

Comment:

Here we can see the 4H 377EMA also adding to the strength of this area as support, which if broken, will likely lead to continuation down!

Let's go bears!

Comment:

If the bulls are going to take the reigns, then I suspect we'll see this trend line on the 2H stochastics break. If the 2H stochastics are again rejected from this trend line, then the bears may take us to the 0.618.

Comment:

Short-term scalp target hit!

T1: 0.4285 - HIT!!! (11.77% gain)

Comment:

2H stochastics rejected from the trend line! Let's go bears!

Comment:

Target #2 Hit!

T1: 0.4285 - HIT!!! (11.77% gain)
T2: 0.4126 - HIT!!! (22.47% gain)

Comment:

Target #3 hit!

T1: 0.4285 - HIT!!! (11.77% gain)
T2: 0.4126 - HIT!!! (22.47% gain)
T3: 0.3916 - HIT!!! (53.67% gain)

Let's get this crypto! Follow us now for regular TA on the hottest cryptos!

Comment:

Target #4 & Target #5 HIT!

T1: 0.4285 - HIT!!! (11.77% gain)
T2: 0.4126 - HIT!!! (22.47% gain)
T3: 0.3916 - HIT!!! (36.59% gain)
T4: 0.3662 - HIT!!! (53.67% gain)
T5: 0.3426 - HIT!!! (69.55% gain)

...when bears jump out the window! <3

CryptoGuru369 strikes again! Thank you crypto gods! <3

Comment:

Follow us now to keep up with TA for the hottest cryptos in the cryptosphere!

Comment:

All profit targets achieved!

T1: 0.4285 - HIT!!! (11.77% gain)
T2: 0.4126 - HIT!!! (22.47% gain)
T3: 0.3916 - HIT!!! (36.59% gain)
T4: 0.3662 - HIT!!! (53.67% gain)
T5: 0.3426 - HIT!!! (69.55% gain)
T6: 0.3276 - HIT!!! (79.64% gain)

Let's get this crypto!

Follow us now for regular TA on the hottest cryptos!