Technical analysis: . RIPPLE/US Dollar 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 44. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.28900 to 0.24540). 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 (0.24540)
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= @ 0.35520 TP2= @ 0.42415 TP3= @ 0.46990 TP4= @ 0.56400 TP5= @ 0.70580 TP6= @ 0.79100 TP7= @ 0.96780 TP8= @ 1.41240 TP9= @ 1.77360 TP10= @ 2.13480 TP11= @ 3.30310 TP12= Free
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
ForecastCity
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@Alexander_007, Thanks for you're kind words. May I ask you to share your idea about this pair?
Forecast_Crypto
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I have been holding since .02 lol, I have lots of patience. I hope you’re right! Good luck to us both and everyone in it.
ForecastCity
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@Forecast_Crypto, Thanks for sharing that.
Do you have any idea how it will go on?
Forecast_Crypto
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@ForecastCity, I think it will go up today or tomorrow!
Kamryn
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Thank you for sharing. when do you think it will rise?
ForecastCity
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@Kamryn, As we mentioned, you can enter according to the price reaction in the buy zone.
It has been explained what signs should be expected to enter and just being in the buy zone doesn't mean to buy.