💡Don't miss the great buy opportunity in Ripple/Bitcoin Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002980).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Ripple/Bitcoin (XRPBTC) is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003490
TP3= @ 0.00003820
TP4= @ 0.00004200
TP5= @ 0.00004770
TP6= @ 0.00005370
SL= Break below S2
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Ripple-btc
XRP and it's legendary daily tomfoolery 🤣Alright alright XRP fans, so here we've got a coin called XRP in it's MOST NATURAL habitat. As you can see, XRP is very sloth-like in nature and moves as if it doesn't want to go anywhere or do anything. So without further adeu, let's all take a moment and laugh at our screens and make fun of this slow coin. 🤣
💡Don't miss the great buy opportunity in XRPBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00001900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1 @ 0.00002400
TP2 @ 0.00002567
TP3 @ 0.00002805
TP4 @ 0.00002940
TP5 @ 0.00003345
TP6 @ 0.00003745
TP7 @ 0.00004090
TP8 @ 0.00004769
TP9 @ 0.00005790
TP10 @ 0.00007190
TP11 @ 0.00010195
TP12 @ 0.00022875
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XRP Still Short - No Moon Till JanLittle strategy going on see if it plays out were all here for the 1000x, my bet is it happens after the snapshot for Flare / Spark.
Fib retracement from the highs in August to the consolidation zone from September - Now, where we are finally seeing a breakout higher.
Again I think this is a simple retracement no huge bull run yet, even BTC isn't moving up after tapping $16,500
< / > ?
Also been a huge spike in Altcoin market cap apparently, I'm here for 2021 now 👍
XRPBTC Update: Profit=2390 SL= 420 Reward/Risk > 5.7:1 Trade Setup summary:
Profit targets=2390 pip (290 + 850 + 1250)
Stop Loss =420 pip
Reward/Risk > 5.7: 1
Current Status:
Total Profit: 1904 pip
Closed trade(s): 1188 pip Profit
Open trade(s): 716 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002178 based on 'previous Forecast' at 2020.07.18 :
Closed Profit:
TP1 @ 0.00002250 touched at 2020.07.26 with 72 pip Profit.
TP2 @ 0.00002360 touched at 2020.08.01 with 182 pip Profit.
TP3 @ 0.00002500 touched at 2020.08.02 with 322 pip Profit.
TP4 @ 0.00002790 touched at 2020.08.03 with 612 pip Profit.
72 + 182 + 322 + 612 = 1188
Open Profit:
Profit for one trade is 0.00002536(current price) - 0.00002178(open price) = 358 pip
2 trade(s) still open, therefore total profit for open trade(s) is 358 x 2 = 716 pip
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.00002500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below TP2
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Don't miss the great buy opportunity in XRPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.00002250
TP2= @ 0.00002360
TP3= @ 0.00002500
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below S2
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. . . . . Please show your support back,
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in XRPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.00002250
TP2= @ 0.00002360
TP3= @ 0.00002500
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
10K is a feature just to keep you playing ,2k InboundRemember since 2018 the market has been a short every single bounce mode, Nothing has changed!
Bulls keep tryin to FUD you out of shorts! Double Down if necessary!
The corona chan 19 about to evolve into a deadlier strain very rapidly , AMerica Falling apart
and to think were not even done with the COVID first wave!
OMEGA NUKE incoming
You have been warned!
BTC Game planCurrent situation
Bitcoin failed to cross the multi-year resistant trendline from the peak of 2017. It is also battling to cross the mid range. If it can consolidate above mid range I think it could breach the resistant trend line consolidate again and then aim for range high.
scenrio 1
BTC gets rejected by rage high first but consolidates under and using the resistant trendline as support where BTC bounces off, takes out range high and makes a macro higher high for the first time in 2 years.
scenario 2
BTC fails to hold the resistant trendline as support and it will suffer a post halving dump and create a Head & shoulder bottom which will be used as fuel to take out the resistant trendline
Longterm bullish on bitcoin but I don't rule out another post halving dump (see litecoin). I'm definitely looking at that trendline
How to Trade This Ascending Parallel Channel on XRP/USDThe price of XRP has had a massive price boost of 21%, in little over one day. This unsustainable behavior was marked by a long zone of overbought RSI levels.
After the price finally hit a temporary top, space was created for a healthy retracement. This is something very reasonable after such a boost.
Now, we find ourselves in this ascending channel. The RSI had the opportunity to cool down a little bit and we see a slow upward trend for XRP again.
I expect that it is preparing for another volatile move upwards. It might first wander around the channel a little bit, but once the price breaks out you need to start paying serious attention or use a crypto scanner to get notified.
There are two ways in which you can trade this channel. First of all, you can wait for the price to retrace to the lower areas of the channel and go in for a LONG position.
Second of all, you can keep an eye on the resistance and once the price starts breaking out, you can monetize the volatile bullish scenario.
Personally, I try to keep using the rules of buy low sell high, so I would not want to buy after a series of green candles. I recommend waiting for the price to drop a bit further and then hold the price until breakout.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
XRPUSD, if the price will continue...We can open Buy if the price will break the Key Level 0.1756.
if the fall is over, we can make some money!
Use only predictable risks per trade and sleep tight)
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