Is it time for defining a trend?
Updated
I have analyzing XRPUSD in deep, because it is my major investment in crypto world. I am currently OFF because from my point of view it is unclear what's next.
In my previous analysis I post an idea for bottom support line since ripple start growing. Today based on that line I draw another one with obvious importance for support and resistance. XRP already touch both lines several times and retrace always.
It may sound optimistic but I think it is possible that we may see some movements like this ones.
And remember: Everyone has to decide when and what a deal to do! I just write some drafts here. I do not expect to complete them at 100%.
Note: Stop loss is always a must!
See my previous analysis on XRP/USD
In my previous analysis I post an idea for bottom support line since ripple start growing. Today based on that line I draw another one with obvious importance for support and resistance. XRP already touch both lines several times and retrace always.
It may sound optimistic but I think it is possible that we may see some movements like this ones.
And remember: Everyone has to decide when and what a deal to do! I just write some drafts here. I do not expect to complete them at 100%.
Note: Stop loss is always a must!
See my previous analysis on XRP/USD
Comment
If ripple gets into the ichimoku cloud - this will be the first sign.If it only bounce on it and go up - then this idea can be canceled!
Trade active
It is just a suggestion, but I already enter it.I am long @ 1.33 with Target 1.70 - 1.75.
This week bears are weak, and bulls takes a little bit stronger.
Looking at weekly chart bulls eats more than 50% of bear's success.
We touch .786 fib level and at the moments we are in .618
I expect to go higher @ .5 = 1.75 next week. This fib level is the top line of current trend, so there is no surprises for now.
Comment
Comment
However my trend is not confirmed. Ripple already broke ichimoku cloud, but not touch bottom of the trend. It can be touched before going to the 1.70 level.Comment
It seems ripple will bounce at 1.00 before rise to 1.70.If 1 dollar support broke, we can see fall to 0.20.
I plan to buy more at 1 dollar.
Happy trading!
Comment
It becomes a bit long trade here. As we can see ripple want to touch bottom before going to the top.Changed target at 1.85.
Second entry at 1.05 - 1.10
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