Barona

Barona

Now that the price broke the daily trend (red line) and go back to the monthly trend we can see an opportunity in a bounce over the SMA who has shown that it rejects the price constantly.

Barona Updated 

The bounce will happen, the key is find where. My expectation is here, in the fibonacci 50%.

Barona

Responding to the daily tendency, we would expect a bounce over the trend line and a rising movement till the upper of the pattern.

Barona

Attending to the weekly trend, we see a possibly correction to retake the main bull tendency. In addition we see a bounce over the SMA lines which probably are working as a floor on the price.

Barona

An important opportunity is close, its highly probable that the price bounce at the rectangle because of the Daily and Weekly Tendency crossover. This might be an operation of low profit but lowly risked.

Barona

A great opportunity is comming at this parity (because the pattern has been very strong for so long) so... the risk might be very low. If you wanna take advantage of it you need to open a "buy limit" at 1.2980 aprox and set the stoploss at 1.2915.

Barona Updated 

What we got here is a a price resisting to fall under the "monthly floor" and the SMA. Here is a great point to enter with a long position and set a Stop Loss on the 110.35 level (in case that it break both barrers).

Barona

The price hitted the superior tendency line and the SMA togheter, so i expect a strong bounce on it (probably to the lowest tendency line).

Barona Updated 

Here's an idea of how would be te pattern for the next days.

Barona

This one look pretty sure except for the News for USA on Wednesday that could break all the pattern and defining a new trend.

Barona

Here's my analisis to the probable bounce of the price on the resistance tendency line.

Barona

The price is already bouncing on the resistance of 61.8. Now i expect a second bounce on the new 61.8 support.

Barona

According to the tendency lines, the price is on a strong support where we can suppose that we will see a bounce.

Barona

According to the tendency lines, there is a free fall where we could take advantage to add a short position.

Barona

This is my proposal for a Buy.

Barona

When the price hit the second globe. It will be the opportunity to set the "sell limit"

Barona

I think that (for this time frame -H4-) we will see this tiny up climbing tendency till reach the Roof.

Barona

I think that (for this time frame -H1-) we will see this tiny up climbing tendency till reach the Roof. KRAKEN:XRPUSD