Watch closely which direction the price will go.
Scenario 1: Price will break through AC line and experience further decrease finding continued resistance of BD line.
Scenario 2: Price will find continued support of AC line, break through BD and establish new growth trend.
At this moment I expect scenario 2 to happen, but always do your own research!
Please...
XRPUSD bounced off 0.22091 where it could potentially rise further to 0.24166.
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I think XRPUSD has a downtrend till next week but in this view, we can have a short correction and make some profits with that!
R/R:3
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Have a great day everyone!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530)....
I foresee 2 possible scenarios.
Scenario 1: Price bounces of bottom of the trend, makes fake breakout on top of the line and goes in decline, potentially break the lower resistance or simply bounces from support line.
Scenario 2: Price breaks through and finds support where resistance is to continue further growth
Hit like if you find value in the...
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
As mentioned in my previous post
, a new high above the level of the left circled high needed to be established for further growth.
- Since this happened I expect a restest of resistance levels in the 0.25 area
- Uptrend has not been broken and will continue to find higher support levels
XRPUSD reversed off its resistance at 0.26655 where it could potentially drop further to 0.22260.
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XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
To see further growth. the new high will have to be higher than the previous one marked. The new low after will have to be higher than the previous low. Must this not happen further decrease will likely happen.
Also fake breakout happened.
In case the first two things mentioned happen, growth will continue.
The indicated line in my previous post I would have liked to seen the price bounce of has been broken through.
- Short if hour candle closes below line.
- If bounce from the lower line. Upper line will most likely be retested.
I'm keeping my current positions open until / unless I receive confirmation of the decline
If you have a different approach. Feel...
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
So I see that the uptrend is still not broken.
To see further growth I'd like to see it bounce of the separate line. Must that not happen, watch closely if will bounce from bottom line of the trend. If breakout I'll sell part of my holdings as I suspect further decrease. In case the price goes in any other direction. Keep on holding on.
Educational feedback is...
A lot of the signs are still negative like the fact that the candles are still below the average moving lines 100, 200 and more, even so, we decided to focus on the buy signal.
The Ripple stopped at the resistance line (the yellow line) and responded as expected and currently the Ripple on a support line that could lead to increases.
The red cloud that accompanies...
XRPUSD to climb from its upside confirmation at 0.24447 where it could potentially bounce further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments...
