I will do a LONG trade on Ripple (XRPZ18), low risk (tight stop loss), based on the following signals:
Volume decreased to a halt. (incoming breakout)
EMA50 working as support.
Very tight stop loss (low risk, high reward).
We also have a falling wedge pattern, which is bullish and hidden bullish divergence.
Target and stop loss on ...
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We've been looking at XRPBTC and generating good profits with it. You can see our trade here.
Now, after some good bullish action, the charts are telling us that a retrace is incoming.
- We have divergence showing up on our indicators; MACD and RSI.
- We also have some very strong reversal candlesticks.
- In ...
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Broke out of Downtrend
1.Buy Zone looks to be around 8900-9100
My trading community will be given ...
Here's my ideal short setup on xrp. There's a lot of liquidity under these wicks & due to all the touches of support I'd imagine we break to the downside. Looking for price to move to the next 1D level at 7830.
Previous 4hrly is a nice Bull Hammer
With BTC dropping, it should be a safe trade as Ripple moves opposite to BTC.
After getting stopped on previous LONG, I re-entered a tiny LONG position at 8700.
S&Rs -> 9996, 9870, 9724, 9636, 9514, 9385, 9268, 9180, 9087, 8944, 8740, 8582, 8440, 8204 and 7952
Have already Staggered along 8740, 8582 and 8440 with a SL at ...
XRPZ18 has been converging into this symmetrical triangle for a while now.
Below is trendline which is running since 12th of October.
I believe it'll be a decent breakout.
Buy -> 9180
Stagger 1 -> 9122
Stagger 2 -> 8941
Stagger 3 -> 8747
SL -> 8710
I'll update the TPs once the buy order is filled.
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XRP broke out of the 30 min chart downtrend. waiting for retest of uptrend support. if support holds this could be a good point to enter a long position. if support gets broken then it could be a good short entry point.
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