Lupin Ltp technical Analysis with IndicatorsLupin Ltp technical Analysis with Indicators
Technical Indicators Overview
1. Moving Averages:
Trend: Medium- and long-term moving averages support a Buy signal, indicating that the stock is in a sustained bullish phase.
The price is likely trading above critical moving averages (e.g., 50-day and 200-day), adding further confirmation to the uptrend bias.
2. RSI (Relative Strength Index):
Current Status: RSI is in a neutral to slightly overbought zone.
Interpretation: This shows sustained bullish momentum without significant risk of immediate overbought conditions, aligning well with the potential for an upward breakout from the flag pattern.
3. MACD (Moving Average Convergence Divergence):
Current Status: The bullish crossover suggests positive momentum.
Interpretation: MACD supports the case for a continuation of the uptrend, complementing the flag pattern and moving averages.
Integrated Analysis
The flag pattern's breakout potential and indicators align well to suggest an upward continuation if key resistance levels are breached.
The moving averages and MACD provide medium- to long-term confirmation of bullish momentum.
The RSI ensures there's room for further upside without entering extreme overbought territory, reducing the risk of an immediate reversal.
Strategy Refinement
1. Bullish Trade Setup:
Entry: Above INR 2,150 (flag/channel breakout).
Indicators Confirmation:
Ensure the price holds above moving averages.
MACD should maintain a bullish crossover.
RSI stays below 70 after breakout.
Targets: INR 2,300 (short-term), INR 2,800–2,900 (flag breakout projection).
Stop Loss: Below INR 2,050.
2. Bearish Contingency Plan:
Entry: Below INR 2,000 if indicators turn bearish (e.g., RSI dips to 40–30 or MACD flips bearish).
Targets: INR 1,950, then INR 1,850 (channel breakdown targets).
Oscillators
200DMA in focus as ceasefire speculation sparks sharp dropA softer US dollar and falling bond yields typically create a favourable environment for gold, but not today. Prices have plunged sharply, testing the 200DMA, a level that has made for reliable buying in recent times. Reports of a potential Israel-Lebanon ceasefire may explain the drop, but given past false dawns, price action may prove more reliable than speculative headlines for gauging near-term directional risks.
For longs, the 200DMA offers an opportunity to buy with a stop just below for protection, targeting $2710, a level tied to horizontal resistance briefly broken in light trade either side of the weekend. However, a close below the 200DMA would invalidate the bullish setup. Mixed momentum signals make price action the clearest guide for now.
EURGBP Wave Analysis 25 November 2024
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8375
EURGBP currency pair previously reversed up from the support area located at the intersection of the support level 0.8260 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long Legged Doji – strong buy signal for this currency pair.
Given the bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise further to the next resistance level 0.8375 (top of the previous minor correction a).
EURCHF Wave Analysis 25 November 2024
- EURCHF reversed from support zone
- Likely to rise to resistance level 0.9360
EURCHF currency pair recently reversed up from the support zone located between the long-term support level 0.9250 (which has been reversing the price from the end of December) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 0.9250 and the bullish euro sentiment seen today, EURCHF currency pair can be expected to rise further to the next resistance level 0.9360.
BTC Huge Gap!!! We going back to 75k?Hey guys!
Congrats all with BTC ATH and recent profits, I was not commenting the situation, because it was pretty clear, and we all know what was happening.
But also, as we know, even in the bull cycle have to be corrections and consolidations.
So here at the futures chart, we can see a huge gap around the healthy correction possible zone (max to 30%). Also, we have RSI oversold for sure and descending volumes.
Plus, in December there were no promises about decreasing US Interest rate, so possibly December can end up in this correction phase.
What's your thoughts about when and how much we could go? Let's chat in the comments =)
Support near the HA-High indicator is the point of observation
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-------------------------------------
(BTCUSDT 1D chart)
The HA-High indicator is showing signs of being created at the 94264.99 point.
Accordingly, if the HA-High indicator is newly created, whether there is support near it is the key.
Since the HA-Low and HA-High indicators touched the indicators most of the time when they were newly created, it is expected that the HA-High indicator will be touched this time.
Therefore, the price is expected to fall.
-
What we need to look at is whether it can rise when it touches the MS-Signal (M-Signal on the 1D chart) indicator.
If it doesn't rise, it can lead to a decline until it meets the M-Signal indicator or the HA-Low indicator on the 1W chart.
-
Since the BW(100) indicator is currently created at 98892.0, it will eventually have to rise above this point to continue the upward trend.
Therefore, for now, the picture that touches the HA-High indicator and rises above the BW(100) indicator is the best picture.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Key Support Area: Around 3265.0-3321.30
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
The key for ETH right now is whether it can get support around 3265.0-3321.30.
If it gets support, ETH is expected to show an upward movement to renew the ATH.
-
As I mentioned in this BTC idea, since BTC is expected to show a slight downward sideways movement, I think it is likely to show an upward movement if it gets support at this time.
-
If it falls below 3243.80 and shows resistance, it is important to see if it can rise after receiving support near the MS-Signal (M-Signal on the 1D chart).
If not, it can fall to around 2895.47.
-
The final buy zone for ETH is around 3644.71, but if possible, it is recommended to buy below 3438.16.
The reason is that if the price starts to rise, it is likely to rise while shaking up and down.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
As you can see from the LOG chart, the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
Raw VS Percentage Volatility FormatA Quantitative Comparison of "Buying & Selling Pressure" and "Average Bullish & Bearish Percentage Change"
In market analysis, the choice of averaging method can profoundly influence the insights derived. The "Buying & Selling Pressure " and "Average Bullish & Bearish Percentage Change" indicators demonstrate the unique strengths of fixed-period and candle-count-based averaging approaches.
Key Differences Between Fixed-Period and Candle-Count Averaging
Fixed-Period Averaging in BSP:
➡︎ In "Buying & Selling Pressure", candle metrics are averaged over a defined period (e.g., 14 bars).
➡︎ This provides rapid insights into market sentiment changes, making it ideal for tracking incentive shifts and volatility in real time.
➡︎ However, because this method includes all candles in the averaging window, it may reflect short-term fluctuations, offering less stability compared to candle-count-based methods.
Candle-Count Averaging in ABBPC:
➡︎ "Average Bullish & Bearish Percentage Change"uses a predefined count of bullish or bearish candles for averaging percentage changes.
➡︎ This produces stable and reliable values, which are less sensitive to noise and better suited for risk and reward assessment.
➡︎ The focus on specific candle states ensures that only relevant market behaviors contribute to the averages.
Using Percentage Change for Risk Definition
One of the greatest strengths of the "Average Bullish & Bearish Percentage Change" indicator is its ability to assist in risk and reward calculations with much more market related figures instead of raw values of volatility:
Defining Risk
The average percentage change of bearish candles can serve as a dynamic stop-loss level.
For example, if the average bearish percentage change over the last 10 candles is 2%, a trader can set a stop-loss at 2% below their entry to account for typical market behavior.
Quantifying Reward:
The average bullish percentage change helps identify realistic profit targets.
If the average bullish percentage change over the last 10 candles is 3%, a trader can set a target at 3% above their entry to maintain a favorable risk-to-reward ratio.
Dynamic Adjustments:
As the market evolves, these average percentage changes update, allowing traders to adjust their risk and reward levels in real time for better precision.
Quantitative Advantages of Percentage Change Averaging
Normalization Across Price Levels:
Percentage changes enable consistent comparison across assets with vastly different price ranges.
Enhanced Stability for Risk Assessment:
Candle-count averaging smooths out noise, offering a reliable basis for setting risk parameters like stop-losses and profit targets.
Improved Predictability:
By isolating specific candle behaviors, percentage-based metrics provide clearer signals for trend-following or mean-reversion strategies.
Advantages of BSP’s Fixed-Period Averaging
Despite being less stable, "Buying & Selling Pressure " excels in areas requiring speed and adaptability:
Fast Incentive Tracking:
Period-based averaging adapts quickly to changing market conditions, providing timely insights into shifts in buying or selling pressure.
Broad Volatility Capture:
BSP includes all candles in the defined period, capturing overall market dynamics, including sudden spikes or reversals.
Real-Time Decision Making:
Its responsiveness makes it highly suitable for momentum or breakout trading strategies.
Bottomline:
Use "Average Bullish & Bearish Percentage Change" for stable, consistent data ideal for risk assessment, particularly when defining dynamic stop-loss levels or profit targets based on average percentage changes.
Use "Buying & Selling Pressure " for its speed and adaptability in tracking real-time shifts in market incentives and capturing volatility.
Sideways are the point of interest until around December 3rd
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
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-------------------------------------
(BTCUSDT 1D chart)
The Fibonacci ratio on the left was drawn in the first rising wave.
Therefore, I think it is highly likely that it will sideways around 3.618 (98841.11).
I think this sideways movement is likely to continue until around December 3rd during the next volatility period.
If it continues to rise, it is expected to touch around 1.902 (101784.54) ~ 2 (106178.85).
-
(BTC.D 1M chart)
If BTC dominance rises above 62.47, I think a market where only BTC rises could be created.
Therefore, whether it can fall is the key.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
As you can see from the LOG chart, the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you to decide how to view and respond to this.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
Without patience, there is nothing else to do in this market.So, we have the first positive signal, but we need to wait one more week for the monthly candle to close like this.
1. The candle has risen above the cloud boundaries and crosses the Kijun and Tenkan indication lines.
2. WaveTrend oscillator shows a bullish signal, but we need to wait for the candle to close like this.
3. Let's pay attention to the length of the red clouds. It is in this interval that the market reaches a new peak approximately in the middle of the cloud, followed by a correction. The last time the cloud was formed was from October 2020 to February 2023. The top of the market is December 2021. Now the cloud is in the segment 1 January 2025 - 1 September 2026. The midpoint of this cycle is October 2025.
We'll be watching.
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty.
China's Crypto Clarity
One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy.
Institutional Adoption Continues to Grow
Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher.
Global Economic Uncertainty
The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many.
Technical Analysis: A Bullish Outlook
Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum.
On-Chain Data Points to Further Upside
On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow.
Challenges and Risks
While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include:
• Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period.
• Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies.
• Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats.
• Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price.
Conclusion
Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
NIFTY50.....Sucker-wave has started!Hello Traders,
the NIFTY50 has declined to 23263 on Thursday and my forecast ("...one more lower low") played out well!
The decline since the ATH is to count as a "five down" and Friday's price action seems to mark the end of the weakening phase and a pullback has begun!?
If so, a first target range is around the 24484 to 24537 range with more bullish potential exist.
Even more, the N50 has fallen into the area of the 0.618 Fibonacci of the advance from 21281 to 26277!
Anyway. Normally a correction is to watch with a first leg done, a "counter-trend move" into the main direction of the larger trend, and finally, a second leg down to complete the correction.
So, we have probably seen a first leg down and the coming days could be bullish.
I have labeled the chart as a wave (v/a?) with a "question-mark, 'cause I am not sure what next to come. Seasonal we are in a phase of bullish price action, but....!?
We will check the pattern early next week and see....
Have a great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trading on this analysis is at your own risk.
USDCHF Wave Analysis 22 November 2024
- USDCHF broke resistance zone
- Likely to rise to resistance level 0.9000
USDCHF currency pair today broke the resistance zone located between the resistance level 0.8900 (which has been reversing the price from July) and the 61.8% Fibonacci correction of the downward impulse from April.
The breakout of this resistance zone coincided with the breakout of the daily up channel from September – which accelerated the active impulse wave (5).
USDCHF currency pair can be expected to rise further to the next round resistance level 0.9000.
XRPUSDT Long Setup Setting / Targets and PlansBINANCE:XRPUSDT
COINBASE:XRPUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone - 1.10 - 1.12
⚡️TP:
1.1723
1.2193
1.2660
1.3132
🔴SL:
1.0439
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Ethereum Longterm Price Prediction / 3500$ is the next stationBINANCE:ETHUSDT
COINBASE:ETHUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
3000$
3500$
3914$
🔴SL:
2024$
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
If the price is maintained above 3321.30, ATH is possible
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
It has broken through the important resistance area of 3265.0-3321.30.
Accordingly, if it shows support near 3321.30, it is expected to continue to rise.
In other words, the key is whether it can break through the 3438.16 and 3644.71 points.
If it does, it is expected to continue to rise to renew the ATH.
I think this rise is meaningful because I think that for the altcoin bull market to start, the rise of ETH must start first.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
EURCHF Wave Analysis 21 November 2024
- EURCHF under bearish pressure
- Likely to fall to support level 0.9250
EURCHF under the bearish pressure after breaking the support zone between the support level 0.9335 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the upward price move from August.
The breakout of this support zone accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May.
EURCHF can be expected to fall further to the next support level 0.9250, former strong support from January and August.
Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel.
To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version.
Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
bullish xrp
Here's a polished version of your analysis in English that you can share:
XRP Analysis: Potential 20% Rise
Hello my friend,
XRP is looking strong right now, and it’s time to keep an eye on it. We're approaching a key breakout point, and after that, we may see a retest of the breakout level. This could provide a perfect entry opportunity.
Key Points to Watch:
Breakout Setup: XRP is nearing a critical level where a breakout is likely, which could trigger a significant upward movement.
Retest Opportunity: After the breakout, watch for a retest of the breakout point, which will confirm the trend and present a good buying opportunity.
20% Upside Potential: Based on current technical indicators, there's a high probability that XRP will rise by approximately 20%.
Stay alert and monitor the market closely for the next moves!
My brand new indicator-combos (100%free). Reversals+so_much_more
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I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me,
1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.