Hello my subcribers,
Today, I want to give you short analysis about XRP position. In this report, I do not use any indicator or tools, just based on BULL-BEAR rule.
+ General: It is easy for identifying that upward is current trend. Therefore, I will priotize for LONG position.
+ Strategy: Waiting for price drop-back strong bull-based, create new upward...
Ripple seems to have finished green wave III, and is now in correction mode for wave IV.
There is a H&S pattern in formation. If broken, we can expect a test of the 0.37-0.38 range.
An extended wave V would be in play in this scenario, giving us a great LONG opportunity.
Ripple has risen 10% from the daily support zone and touched the resistance zone.
If ripple fails to break above the resistance zone located in the $0.3736 region, it may resume its downtrend. However, if the daily candle closes above the resistance zone, it can continue its upward move to the $0.39 region.
Not investment advice.
XRP has formed a Bump and Run Reversal pattern, which, if validated and confirmed will be a sign of bullish movements, but there are failures to that pattern that make it bearish and invalidate, I'm saying that because we're in a stage of the market where the battle between BULLs and BEARs is strongly big, so anything is expected in the scene of messy...
Hello Trader, today we are looking to BINANCE:XRPUSDTPERP
direction : short
Stoploss 0.3582 (1.5%)
Leverage : cross 50X
size : 4%
Please Notice the SL & TP on the chart are not exact
numbers because no one can ever tell the market to the dot
so therefore this is an area of interest.