XRP 0.382 to 0.618 Fib Long for 103% Potential Gain
Hello Future Millionaires!
XRP is looking bullish! We can see volume increasing along with price action. Price action is agreeing with volume and this is bullish.
If we get a close above the prior daily high at 0.3388, then price would then be closing above strong support.
Previously, XRP dropped like a ton of bricks through this area and I suspect it will bulldoze its way back up the mountain should the aforementioned criteria be met.
The entry zone has strong daily and weekly support from Fibonacci, EMAs, VPVR, and horizontal support/resistance on the daily and weekly!
Targets have confluence with horizontal support/resistance zones and key Fibonacci levels!
Follow us now to stay up to date with TA for the hottest cryptos in the cryptosphere!
Weekly Support:
Daily EMAs:
VPVR:
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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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Entry: 0.33880000
Entry Zone: 0.315 - 0.355
T1: 0.358
T2: 0.381
T3: 0.405
T4: 0.431
T5: 0.45570000
Stop: 0.30208925
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R:R: 3.18
Risk: 10.84%
Reward: 34.5%
Leverage: 3X
Leveraged Risk: 32.52%
Leveraged Reward: 103.5%
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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.
XRP is looking bullish! We can see volume increasing along with price action. Price action is agreeing with volume and this is bullish.
If we get a close above the prior daily high at 0.3388, then price would then be closing above strong support.
Previously, XRP dropped like a ton of bricks through this area and I suspect it will bulldoze its way back up the mountain should the aforementioned criteria be met.
The entry zone has strong daily and weekly support from Fibonacci, EMAs, VPVR, and horizontal support/resistance on the daily and weekly!
Targets have confluence with horizontal support/resistance zones and key Fibonacci levels!
Follow us now to stay up to date with TA for the hottest cryptos in the cryptosphere!
Weekly Support:
Daily EMAs:
VPVR:
---
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.
---
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!
---
Entry: 0.33880000
Entry Zone: 0.315 - 0.355
T1: 0.358
T2: 0.381
T3: 0.405
T4: 0.431
T5: 0.45570000
Stop: 0.30208925
--
R:R: 3.18
Risk: 10.84%
Reward: 34.5%
Leverage: 3X
Leveraged Risk: 32.52%
Leveraged Reward: 103.5%
---
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:
Appears XPR is struggling to close above the prior daily high, but if/when it does, I suspect it will shoot up to 0.45 with a quickness!
