Schliemann

XRPUSDT - Looking for the spike

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hi everyone,

According to my analysis, I will jump on XRP within the green box. This price is within the range 0.395 - 0. 40

Reasons: The pink trend line indicates a bull trend, not strong, but still positive and working as a support. The MACD was showing also a bullish divergence , while prices were making lower lows. XRP price has been for a long while in an area between 0.36 and 0.47 and we know that tends to move violently from time to time. Now the price is compressing between 0.38 and 0.42, with volume decreasing, so I expect a move soon. As you can see, the price is now inside the red cloud, and I can see chances of getting out of it and find clear skies ahead.

Do you see the turquoise price range box? the price never stayed long there, but I spotted big volume around that range, so I think price will move quick once gets in this box, hopefully to the upside. Price is now very near it.


Buy entry: 0.395 - 0. 40

TP 1: 0.425
TP 2: 0.45
TP 3: 0.47


SL: Within a range below the pink trend line support, aprox. 0.365 - 0.355

I am not providing exact stop loss, following a viewer's advice.


*Not financial advise, just sharing my ideas :)

Feel free to give your feedback/opinion. Thanks for reading!

Comments

looks good! will follow you mate!
+1 Reply
Schliemann swed1983
@swed1983, thank you buddy. It has, obviously, some risk, but as price may not hit the trend line support, at my eyes that's a decent entry. Good luck!
Reply
nice
+1 Reply
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