XRP is breaking out a bull flag that has been forming above the 200 EMA on the 4H chart. Targets lining up with the fibonacci targets are 0,85 cents, then after a possible retracement next leg back into 1 USD.
I will write an additional analysis on this chart.
How is this bet a SMART BET? 1:20 ( RISK REWARD) with high propability. People have lost their brains in this mania, people bought bitcoin at $19,000 thinking it will give them great returns. That they will double/triple their money. What are the chances that bitcoin will go from let's say $20,000 to $ 40,000 and how long will it take? What are the chances of a...
Not sure this is a huge channel or I stumbled onto something so perfect it just might work. After drawing a fib expansion and the retracement. I noticed the ripple market is actually in a huge ABCD pattern and we just finished A & B if all plays well we should hit $2.00 before March 1st see a slight pull back then head the $3.70 zone. This is such a weird find....
Trading suggestion: Price is in the support zone (1.8500 to 1.3900), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of entry zone (1.85) .Ending of entry zone (1.39) Take Profit: TP1= @ 2.24 TP2= @ 2.73 TP3= @ 3.00 TP4= @ 3.51 TP5= @ Free Technical analysis: .Price is...
Lets take a look together at the volume cycle and if we make some projection from all moving average its move together up if we get some fuel. anyway XRP were at Support level retracement .61 from all time high, and its were broke once before, if you decide to take a buy position now then put stop loss few point below support. Good Luck
Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards...
We will see a boost towards the uptrend. we have retest the level. be patience and you will be happy with the result. my upside target is 5$ by the end of the January or maybe more then 8 to 10$.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.