Nakedforexanalysis
XRPUSD | Buy Long | price has broken the trend!In my novice analysis I have concluded that because of the extreme high we saw in this pair at 2.6 previously and then the extremes of consolidating lows around .14103 there is anticipation for a bull run.
•the price has broken the trend line creating higher lows on the weekly and daily
•price has been consolidating for an extended period of time after a huge draw down, strong buy opportunity with clean entry
•SL has been placed at last most recent low
•TP1 & Tp2 are in the next zones above
With possibly more to gain
I am watching what price does at .28863 and then will take an entry if applicable.
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Please feel free to post your analysis or critiques and opinions ...I’m open to what others are seeing on this chart! Anything helps! GLGT
BTC HR1 Forecast , Bounce back !Based on my novice analysis, price has hit a major support zone and has created 2 new higher-lows.
• Price trend has also crossed over.
• Price could hit a major support & resistance level of 10,811 or it may push through towards 11,250.
I am very optimistic about this - I am not taking the trade but I am watching it to see if my analysis is correct.
Please add any suggestions! Anything is appreciated. I’m trying to learn Naked and I have to practice on every chart I see!! GLGT