Now in the market there is a rollback after a long-running down trend. But are there any facts that can show us that further will be a strong upward movement? Especially, Ripple is relatively weak with respect to other coins.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for investors XRP part 2" has not worked out yet. But my targets have not changed and there is a big chance to see them.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for investors XRP part 2" has not worked out yet. But my targets have not changed and there is a big chance to see them.
Note
this idea is a diminished version of the idea that was posted on June 22nd
Note
consolidation ... until the BTC will be ready, we will move between the zones 45.5-46.5 and 48.5-49.5 $
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I'm waiting...
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A possible test is 0.47 by buyers. It is necessary to enter the short either from 0.47 or after punching 0.45.
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Consolidation under a broken zone. A large bearish candle closed almost at the bottom. Now there is a chance to go to the shorts. Stop above $ 0.453. first target 0.42; global target 0.37-0.39 $
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will be a strong movement...
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We have reached the first local target. Buyers defended the local minimum and now test the previous consolidation. If sellers keep the yellow zone and do not let the price above 0.45 - we wil continue the journey to $ 0.36
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if sellers keep the price zone 0.45-0.46 - then work out the pink triangle, with a greater probability of breaking down.
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XRP punched blue falling channel, strong price zone 0.485-0.495 and tested $ 0.52. Next, the sellers returned the price to zone 0.485-0.495 and tested the broken blue channel. If buyers keep this zone - long to 0.6-0.62. If the price goes below, then the consolidation will continue between 0.42-0.52 $. Sellers have shown their strength, so I believe more in the continuation of consolidation.
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XRP returned to the blue channel. Buyers did not hold 0.485-0.495. Sellers also broke $ 0.47. XRP is not ready to grow. In the best scenario, consolidation will continue. In the worst scenario - sellers will brake 0.42$
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XRP turned to the falling channel and did not let out of it. on the growth of BTC, the XRP, along with other coins, falls. at the moment I do not see the growth of the ripe
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My dear Ripple... Consolidation is narrowing. I am waiting for a 0.42 breakthrough to continue the fall.
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Note
XRP in a triangle, which is more likely to break down. If buyers do not keep XRP at 0.41 - we are waiting for a powerful fall.
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Finally, the CRP fell. Thought it since June. Global target is 0.27-0.3 $. Good price range for buy.
After breaking the price zone (0.43-0.445), the XRP fell without stops. Do not stop the fall and the global trend line. It is now possible to rebound for the trend line test, but I would not buy this coin earlier than 0.27-0.3 $.
Note
June idea for XRP))
Trade closed: target reached
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
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👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.