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ForecastCity
Feb 19, 2020 1:40 PM

Don't miss the great buy opportunity in XRPUSD Long

BITFINEX:XRPUSD1D
XRP / DollarBitfinex

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2698). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XRP/U.S. Dollar is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.

Take Profits:
TP1= @ 0.3400
TP2= @ 0.3790
TP3= @ 0.5095

SL= Break below S2
Trend AnalysisChart PatternsTechnical Indicatorsxrpxrpusdxrpdollarxrpanalysisripplerippleusdrippledollarrippleanalysis
Comments
Shiva_forex
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Your analysis is very accurate. Thanks a lot
ForecastCity
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@Shiva_forex, You're welcome. we are so happy you liked it.
fxniki
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It's a great buy opportunity in XRPUSD. Thanks for sharing it.
ForecastCity
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@fxniki, You're welcome. we hope you find it useful on your own trades.
Forecast_Crypto
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Thank You for sharing!
ForecastCity
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@Forecast_Crypto, You're welcome.
Dawnchorus
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Thank you! I was considering taking my chances with this dip, and this helped confirm with me. Stop/Loss will be interesting with this one.
ForecastCity
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@Dawnchorus, You're welcome. we hope you make maximum profit.
Dawnchorus
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@ForecastCity, I'm actually waiting on the golden pocket now - almost looks like they're making another bear flag on XRPUSD. Regardless, though, I think this will produce some nice gains once the dust settles.
ForecastCity
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@Dawnchorus, thanks for sharing your opinion about it.
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