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$XRPUSD is long overdue for a correction and we are seeing bullish divergence making an entry for a quick short position looking better with volume confirmation to follow. Trade set at neutral as it is too soon to tell for a long position could unfold. Time will tell.
Stop loss is present. Trade carefully. Will update with more info later.
Daily Chart Explanation:
- Price faced the top of the Descending Channel, but it showed weakness when trying to break it.
- Price was rejected from this zone and is on the Descending Channel again.
- Bearish Divergence on MACD could be anticipating a down move.
- It is, again, in the Micro Triangle Structure.
Which side do you think Ripple will break the Micro...
There is a symmetric triangle nearing its apex on Ripple's XRP/USD chart. There is likely to be a strong breakout in either direction from this apex. If this breakout occurs on heavy volume, we are extremely confident that the ensued trend will continue to strengthen. We consider "heavy volume" to be anything over 5 million contracts within a 2 hour bar. If there...
Keep a keen eye on the S2 support / pivot line as it is the most quintessentially key figure and factor needed for analysts to definitely make a determining factor in whether or not this bull run will finally ensue as many HODLers grow impatient with XRPUSD rumored to breakout from many others for well over a week now.
So you can imagine how they reacted when...
So people, i think ripple has bottomed out because of the strong reaction we saw today as it reached the red line on the chart. The indicators are for thee most part bullish and with the way the king (bitcoin) is moving we are likely to see a rally upward. As a careful traders you might want to wait a couple of candles to confirm
Ripple is consolidating above Trading Range at the moment. If it is able to breakout the Swing High then find support above it, that would mean further upward movement is coming towards Fibonacci Extensions. The Liquidity above Swing High of 2018 is waiting for a visit.
Please let me know if you have any suggestions or...
Ripple is keeping a bullish trend with a little higher volatility this week, the volatility is reducing today and starting to consolidate the price, before further uptrends. The price should continue rising after the 0,4360 price level. I'm placing a buy stop order above that price with SL below the minimums and a nice 2.0 RR ratio take profit
I have good news and i have bad news, the good news is that we will hit the ath again, the bad news it will be in 2050. You got some time? (for the people that dont know that a joke is, search it up in the dictionary)
Welcome Traders to SNIPERTARIY
Daily closure in my key level. Time to play with the zones and margin trade. Accumulation is the word. Accumulate until we reach new highs.
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Hello friends, I would like to share with you my analysis of XRP.
According the analysis, XRP will go up 63,28%, this percentage will be the first target and after that it will go up more to 0,7177
So we will see how it will move in the next days...
Don't forget the position sizing guys ;-)
Feel free to leave your comment if you want more cryptocurrencies...