XRP - Critical Zone 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been stuck inside a big range between our 0.3 support and 0.6 resistance.
📈 For the bulls to take over from a MACRO perspective , we need a weekly candle close above 0.6
In this case, a movement till the 1.0 resistance would be expected.
📉 Meanwhile , 0.6 zone is acting as a resistance, hence if we break below 0.5 , we will expect further bearish movement.
Which scenario is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Big4
XRP - Long-Term View 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been stuck inside a big range between 0.3 support and 0.6 resistance.
🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6
📉 Medium-Term: Right Chart
The bulls already took over by breaking above the recent highs, and now bullish trading inside the rising orange channel.
As we retest the lower orange trendline, we will be looking for trend-following short-term buy setups on lower timeframes.
Which scenario do you think is more probable and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - Long-Term View 🕝 Analysis #8/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been overall bearish trading inside the falling brown channel.
XRP is currently rejecting a strong weekly support 0.30 so we will be looking for buy setups.
🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
📉 Medium-Term: Right Chart
For the bulls to over from a medium-term perspective, we need a daily candle close above the orange zone 0.420. And as price approaches the 0.320 support we will be looking for short-term buy setups.
Which scenario do you think is more probable and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Be Patient! 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been struggling inside a narrow range around the 1700 resistance.
🏹 For the bulls to remain in contro l, we need a break above the range, above 1730
In this case , further bullish movement would be expected.
Meanwhile, if we break below the last H4 low in orange, then we will be expecting a bearish correction.
In this case, as ETH approaches the blue support starting from 1550, we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Critical Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been stuck inside a range between our 1500 support and 1700 resistance.
Currently, Ethereum is sitting around the 1700 resistance.
🏹 For the bulls to remain in control , we need a Daily Candle Close above 1700.
In this case, further bullish movement would be expected.
Meanwhile, if we break below the last H4 low in orange , then we will be expecting ETH to reject the 1700 resistance to test the 1500 support again.
In this case, as ETH approaches the 1500 support, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on Litecoin to feel the overall crypto market.
LTC has been overall bullish from a medium-term perspective trading inside the red rising broadening wedge pattern.
After rejection the upper red trendline and breaking below the last minor low in gray the bears took over for a bearish correction.
As we trade lower, we will be approaching the lower bound of the rising broadening wedge .
Moreover, the red zone is a previous high and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If we break the lower red trendline downward, then expect further bearish movement till the lower bound of the big blue wedge around 55.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - If Not Now, When? 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 XRP has been overall bearish trading inside the falling brown channel.
XRP is currently approaching a strong weekly support 0.25 - 0.30 so we will be looking for short-term buy setups.
📕 As per my trading style:
As we approach the green support, I will be zooming in to lower timeframes and look for any bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📊 For the bulls to over from a long-term perspective , we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on Litecoin to feel the overall crypto market.
LTC has been trading inside the blue flat rising broadening wedge pattern , and we lately rejected the 85.0 supply zone.
After breaking below the last major low from H4 (in gray) the bears took over. So we are currently bearish medium-term.
As we trade lower, we will be approaching the lower bound of the rising broadening wedge.
Moreover, 50.0 is a strong weekly support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Then we will be expect a shift in momentum from bearish to bullish.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - Long-Term Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XRP is approaching a strong support in green so we will be looking for buy setups.
on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower inside the green.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich