XRP About to Bust! - Target $1.00 for 101.74% Potential Gains!
Hello Future Millionaires!
XRP is setting up for a nice move! If BTC breaks out, then I suspect XRP will follow. The target for this move has confluence with strong horizontal resistance, a key Fibonacci extension, and the measured move for the breakout from this triangle.
Looking like we could have some nice hidden bullish divergence play out shortly! That could likely be the catalyst for the breakout of this triangle formation.
We can see the red 10SMA and the yellow 21EMA holding as support as well as the low side of the short-term range.
Let's go bullz!
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!
Follow us now for regular technical analysis on the hottest cryptos throughout this entire bull run!!! Massive profits to be had!
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Entry: 0.62970
Entry Zone: 0.607 - 0.663
T1: 0.65
T2: 0.69
T3: 0.80
T4: 0.85
T5: 0.90
T6: 0.95
Stop: 0.54228
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R:R: 3.66
Risk: 13.88%
Reward: 50.87%
Leverage: 2X
Leveraged Risk: 27.76%
Leveraged Reward: 101.74%
Risk Assessment: MEDIUM
---
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 setting up for a nice move! If BTC breaks out, then I suspect XRP will follow. The target for this move has confluence with strong horizontal resistance, a key Fibonacci extension, and the measured move for the breakout from this triangle.
Looking like we could have some nice hidden bullish divergence play out shortly! That could likely be the catalyst for the breakout of this triangle formation.
We can see the red 10SMA and the yellow 21EMA holding as support as well as the low side of the short-term range.
Let's go bullz!
Let's get this crypto!!!
---
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!
Follow us now for regular technical analysis on the hottest cryptos throughout this entire bull run!!! Massive profits to be had!
---
Entry: 0.62970
Entry Zone: 0.607 - 0.663
T1: 0.65
T2: 0.69
T3: 0.80
T4: 0.85
T5: 0.90
T6: 0.95
Stop: 0.54228
--
R:R: 3.66
Risk: 13.88%
Reward: 50.87%
Leverage: 2X
Leveraged Risk: 27.76%
Leveraged Reward: 101.74%
Risk Assessment: MEDIUM
---
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:
The bulls did not breakout this time, but we have an even better setup forming now!
Comment:
Follow us now for weekly XRP updates! We'll be analysing bullish and bearish opportunities so that we can capitalize on all potentialities!
Comment:
Price action broke down, so I did not go long. Trade entry never activated.
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