#XRP #Ripple #Analysis for long termAfter the news of the SEC's lawsuit against Ripple, acting as a strong negative fundamental, the price has been driven lower with losses of more than 25%. The market HAS ALREADY ABSORBED this news, which could translate into a LONG-TERM buying opportunity for Ripple, as the price has seen an increase in the last few hours by more than 10%, bouncing off the $ 0.30 support.
For those who want to hold a LONG-TERM trade, this could be an interesting buying point at $ 0.35, with a first target at the $ 0.44 resistance and a second target at $ 0.60.
Ripple-btc
XRP Ripple repeating patterns? Here we can see that not just Bitcoin is repeating patterns (bitcoins fractal i posted Friday played out very nicely). So maybe these things still have real value, but as mentioned in the Bitocin fractal analysis, these things should not just be followed blindly, it needs more.
The support line on the left, in theory could go on for a very long time, since it's a channel, so unless it breaks the channel it could test it's support again. Unless at some point we see a big strong move up and eventually break out of that channel.
I made this chart below yesterday (added the one on the right just now). There is a potential double bottom in the making. It's complete now, except for the breakout and pump. It's at the neckline now, so it should break up and pump towards 0.55 today. From now on, it should not break the first support around 0.505. Also goes without saying, today's low around 0.49 should not break either. But a break of the 0.505ish could already invalidate the double bottom.
So there is a nice setup here, potential to break that big channel with this double bottom and maybe follow the next step of the fractal. The biggest doubt i have (otherwise this would be a super setup to try), is that airdrop XRP had Friday, the one i didn't know of until an hour AFTER it happened. We can assume a lot of people bought XRP the past period to get the free coins, the danger of that could be that a lot of them are selling XRP as well now. The chart says, not likely to see big dumps, but because of the Airdrop, i can't say if the chart is giving false signals. Since it gave me false signals past days, with the daily candle earlier this week for example.
Anyway, range now is, 0.52ish and 0.505ish.
The Bitcoin fractal analysis i mentioned above:
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Previous analysis:
💡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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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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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,
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. . . . . . . . . . . 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!