Rippleeth
A second Chance to Buy in XRPETH...Technical analysis:
. RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.002169). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.002169).
Entry signal:
Signal to enter the market occurs when the price comes to " Support line " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley ", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.
Total Profit: 794321 pip
Closed trade(s): 525229 pip Profit
Open trade(s): 269092 pip Profit
Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
TP5 @ 0.001555 touched at 09.12.2018 with 61747 Profit.
TP6 @ 0.002349 touched at 09.21.2018 with 141147 Profit.
TP7 @ 0.003208 touched at 09.21.2018 with 227047 Profit.
14247 + 19247 + 23447 + 38347 + 61747 + 141147 + 227047 = 525229
Open Profit:
Profit for one trade is 0.00228299 (current price) - 0.00093753 (open price) = 134546 pip
2 trade(s) still open, therefore total profit for open trade(s) is 134546 x 2 = 269092 pip
All SLs moved to Break-even point.
Take Profit:
TP8= @ 0.003850
TP9= Free
A second Chance to Buy in XRPETH...Technical analysis:
. RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00218715). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00218715).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.
Total Profit: 794275 pip
Closed trade(s): 525229 pip Profit
Open trade(s): 269046 pip Profit
Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
TP5 @ 0.001555 touched at 09.12.2018 with 61747 Profit.
TP6 @ 0.002349 touched at 09.21.2018 with 141147 Profit.
TP7 @ 0.003208 touched at 09.21.2018 with 227047 Profit.
14247 + 19247 + 23447 + 38347 + 61747 + 141147 + 227047 = 525229
Open Profit:
Profit for one trade is 0.00228276 (current price) - 0.00093753 (open price) = 134523 pip
2 trade(s) still open, therefore total profit for open trade(s) is 134523 x 2 = 269046 pip
All SLs moved to Break-even point.
Take Profit:
TP8= @ 0.003850
TP9= Free
There is a trading opportunity to Sell in XRPETHTechnical analysis:
. RIPPLE/ETHEREUM is in a downtrend and continuation of the downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance zone (0.00244800 to 0.00257350 ). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00244800)
Ending of entry zone (0.00257350)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our "Price Action" strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00224800
TP2= @ 0.00216600
TP3= @ 0.00206000
TP4= @ 0.00192800
TP5= @ 0.00157700
TP6= @ 0.00148200
TP7= @ 0.00126000
TP8= @ 0.00115200
TP9= @ 0.00091000
TP10= Free
Ripple/Ethereum Confrontation indicatorIn 2018, Ripple demonstrated amazing resistance to decline. While most currencies were down all the year, Ripple managed to double its price. In addition, in 2018, market participants often focused on the fact that Ripple has a centralized foundation. If we compare the growth of Xrp/Eth and the entire market decline, we can say that Ripple, in reference to main cryptocurrencies, serves as a confidence indicator in traditional decentralized cryptocurrencies.
Let's have a look at Ripple in conjunction with Ethereum and Bitcoin.
The current situation on the Xrp/Eth chart demonstrates the level of 0.0039 at the top, where we still can get. Taking into consideration the inverse correlation of Eth/Usd to Xrp/Eth, and the Xrp/Eth pair striving to make a new high, the Eth/Usd pair will be testing the lower support levels, which are not many. If the recent lows are broken out and the price does not bounce from 82, then the target of decline will be the level of 65. The levels of 50, 46 and 42 will remain below.
Meanwhile, the current moment is perfect for the entire oversold market to break in.
Based upon the last “fading” peaks of volume and RSI divergence, it is possible that Ripple will fall against Ethereum soon. The decline will be faster if the bullish support lines are broken out ("Divider" pattern). The targets of decline are 0.31; 0.263; 0.215. In graphic form, it looks like this:
The fall of Ripple against Ethereum can be accompanied by simultaneous growth of both cryptocurrencies against USD. So, you can partially shift from Ripple to Ethereum now, adding positions on Ethereum when Xrp/Eth tests 0.0035 and 0.0039. Ethereum will have the best price at this moment, and it is likely to be the lowest price recently.
Since, in this case, Ethereum follows Bitcoin, the whole process described above can be accompanied by simultaneous BTC and ETH price movements, and it will probably mark the beginning of a growth cycle of the cryptocurrency market.
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There is a possibility for the beginning of uptrend in XRPETH Technical analysis:
.RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.000979 to 0.000915). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000979)
Ending of entry zone (0.000915)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.001080
TP2= @ 0.001130
TP3= @ 0.001172
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
There is a possibility for the beginning of uptrend in XRPETH Technical analysis:
.RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.000979 to 0.000915). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000979)
Ending of entry zone (0.000915)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.001080
TP2= @ 0.001130
TP3= @ 0.001172
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
