Technical analysis: . Ripple/USDollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.28900 to 0.20200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.28900) Ending of entry zone (0.20200)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.46990 TP2= @ 0.56400 TP3= @ 0.70580 TP4= @ 0.79100 TP5= @ 0.96780 TP6= @ 1.41240 TP7= @ 1.77360 TP8= @ 2.13480 TP9= @ 2.64860 TP10= @ 3.30310 TP11= Free
@PaoloC, Thank you. Thus we will appreciate 11 times.
Faisal-Nagi
⋅
SKITINI
⋅
@TradingForArab, You are NOT wrong my friend! Where did you get the "Rocket indicator" from? 😂
SpaceCatZ
⋅
Your buy zone may be too low. If it goes down to that level again, this may stagger xrp's growth(I would not buy under the major support.That is where I would sell) buy at 0.30-0.32 range seems more logical. But you could be right since I don't have a crystal ball. Good read regardless. Good luck!
marczilles
⋅
Same pattern like Bitcoin with support on 6000 and smaller and smaller bounces.
fxniki
⋅
Thanks many time. Sometimes I really wonder how amazing you are.