TradingView
ProjectSyndicate
Feb 18, 2021 4:50 PM

XRPUSDT H8: 50% GAINS Best Level to BUY/HOLD IT(SL/TP)(NEW) Long

XRP / U.S. dollarBitstamp

Description

â‹…
Why get subbed to to me on Tradingview?

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

XRPUSDT H8: 50% GAINS Best Level to BUY/HOLD IT(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: XRPUSD 8hour chart review and outlook
::: chart still looks good/strong
::: setup still valid as of right now
::: get ready to BUY LOW / near 46 cents
::: 46c is strong mirror s/r level BULLS
::: 70cents is strong/confirmed resistance
::: expecting short-term pullback before reversal
::: strategy: BUY near46 cents TP +50% gains
::: overall nice setup, let's see what we get
::: so recommend to BUY/LOW or near 46c
::: get ready to buy/hold exit at 70cents
::: BUY/HOLD setup for patient traders
::: DO NOT expect miracle/overnight gains
::: and you will get paid
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: pullback/REVERSAL/
::: Sentiment outlook mid-term: BULLS/50% gains

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
WicktatorFX
â‹…
Lovely work!
jahhlee
â‹…
I have a similar analysis.
WicktatorFX
â‹…
@jahhlee, liking the look of this
Frazius
â‹…
It seems bullish to me at the moment. Why do you think it's going so low?
yin-yang
â‹…
@Frazius, what goes up must come down. healthy corrections are needed for proper growth.
WicktatorFX
â‹…
@Frazius, after a bullish impulse, price needs to correct and collect orders before moving up again
abel11
â‹…
Easy to understand, thank you for sharing
More