XRPUSD
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β³30 Mins chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
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Detailed analysis π¬
1οΈβ£ 0.80000 Acted as strong resistance-Key psychological level
2οΈβ£ Rising wedge pattern
3οΈβ£ positive risk sentiment, Vaccine news
4οΈβ£ 0.60000 Dynamic support and resistance
5οΈβ£ Strong demand for crypto's (Bircoin,Ripple,Tether,Etherium etc.,)
6οΈβ£ 50% Fibonacci around 0.62500
7οΈβ£ Technical support - short term bearish
8οΈβ£ 0.50000 will acted as key reversal-Bullish
9οΈβ£ Previous week low-Immediate resistance-Alternative bullish entry
π Break and retest of the Rising wedge structure happened
#οΈβ£ Overall trend- bullish
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50,200 Exponential moving average will act as support-Bear
Ichimoku cloud -cloud is still red-Middle line supports bearish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band
Relative strength index - Felled below 50 - Bearish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 20- oversold condition will give a short term pull back expected
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Key reversal area's
0.80000 psychological level
0.61675 Point of control area Volume analysis
0.79000 Nov month high
0.62480 50% Fibonacci retracement level
0.55450 Minor resistance level
0.60530 Possible entry- Bear
0.50000 Trendline resistance/Alternative bullish entry
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Bearish entry #ripple #xrpusd
Entry price - 0.62540
Take profit 01 - 0.55450
Take profit 02 - 0.50200
π« Stop lose 0.63900
β¬οΈ 17.12% Drop expected
β€΄οΈ Account growth 5.7: 17.1
β Risk reward ratio 1 : 3
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
*********
β³30 Mins chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ 0.80000 Acted as strong resistance-Key psychological level
2οΈβ£ Rising wedge pattern
3οΈβ£ positive risk sentiment, Vaccine news
4οΈβ£ 0.60000 Dynamic support and resistance
5οΈβ£ Strong demand for crypto's (Bircoin,Ripple,Tether,Etherium etc.,)
6οΈβ£ 50% Fibonacci around 0.62500
7οΈβ£ Technical support - short term bearish
8οΈβ£ 0.50000 will acted as key reversal-Bullish
9οΈβ£ Previous week low-Immediate resistance-Alternative bullish entry
π Break and retest of the Rising wedge structure happened
#οΈβ£ Overall trend- bullish
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50,200 Exponential moving average will act as support-Bear
Ichimoku cloud -cloud is still red-Middle line supports bearish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band
Relative strength index - Felled below 50 - Bearish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 20- oversold condition will give a short term pull back expected
βββββ-β³οΈββββββ-
Key reversal area's
0.80000 psychological level
0.61675 Point of control area Volume analysis
0.79000 Nov month high
0.62480 50% Fibonacci retracement level
0.55450 Minor resistance level
0.60530 Possible entry- Bear
0.50000 Trendline resistance/Alternative bullish entry
βββββ-β³οΈββββββ-
Bearish entry #ripple #xrpusd
Entry price - 0.62540
Take profit 01 - 0.55450
Take profit 02 - 0.50200
π« Stop lose 0.63900
β¬οΈ 17.12% Drop expected
β€΄οΈ Account growth 5.7: 17.1
β Risk reward ratio 1 : 3
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful