Xrp-usd
XRP MITIGATION PLAY
After finally swiping consistently tested equal lows (retail support), the market clearly showed sellers' exhaustion. Now we wait for banks to close out of their currently sell position for price to quickly rally back up.
XRP/USD Short-term trade setup!BITFINEX:XRPUSD
Trend in 4hr is down .It means for a short-term setup it would be the primary trend .
Now we are waiting for the price to break the level from downside.
Execute trade when you don't hesitate.
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Ripple at STRONG SupportXRP is up against very well tested support. Stop loss at just under trend line.
$XRPUSD 0.33 consolidation target, fib and 200sma/daily-50sma/4H$XRPUSD $0.33 consolidation target.
$XRPUSD $0.33 consolidation target.
$XRPUSD $0.33 consolidation target.
XRP SHORTquick trade. Trying to get the 0.38.
Who knows it might even go to 0.36 before continuing higher.
XRP USD consolidating under resistance$xrp in the usd chart price is consolidating under the strong resistance at 0.50$, another attempt to break upwards would probably be successful. But the attempt can't way too long or the bias would turn bearish, if bulls lose channel and 0.37 support we would see new lows
A second Chance to Buy in XRPUSDMidterm forecast:
0.370 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.370). 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 (0.370).
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 :
Trade Setup:
We opened 11 BUY trade(s) @ 0.32488 based on 'Valley' entry method at 2019.04.30.
Total Profit: 133457 pip
Closed trade(s): 33203 pip Profit
Open trade(s): 100254 pip Profit
Closed Profit:
TP1 @ 0.35520 touched at 2019.05.14 with 3032 pip Profit.
TP2 @ 0.38230 touched at 2019.05.14 with 5742 pip Profit.
TP3 @ 0.42415 touched at 2019.05.14 with 9927 pip Profit.
TP4 @ 0.46990 touched at 2019.05.14 with 14502 pip Profit.
3032 + 5742 + 9927 + 14502 = 33203
Open Profit:
Profit for one trade is 0.46810 (current price) - 0.32488 (open price) = 14322 pip
7 trade(s) still open, therefore total profit for open trade(s) is 14322 x 7 = 100254 pip
All SLs moved to Break-even point.
Take Profits:
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96780
TP9= @ 1.41240
TP10= @ 1.61350
TP11= Free
A second Chance to Buy in XRPUSDMidterm forecast:
0.370 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.370). 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 (0.370).
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 :
Trade Setup:
We opened 11 BUY trade(s) @ 0.32488 based on 'Valley' entry method at 2019.04.30.
Total Profit: 133457 pip
Closed trade(s): 33203 pip Profit
Open trade(s): 100254 pip Profit
Closed Profit:
TP1 @ 0.35520 touched at 2019.05.14 with 3032 pip Profit.
TP2 @ 0.38230 touched at 2019.05.14 with 5742 pip Profit.
TP3 @ 0.42415 touched at 2019.05.14 with 9927 pip Profit.
TP4 @ 0.46990 touched at 2019.05.14 with 14502 pip Profit.
3032 + 5742 + 9927 + 14502 = 33203
Open Profit:
Profit for one trade is 0.46810 (current price) - 0.32488 (open price) = 14322 pip
7 trade(s) still open, therefore total profit for open trade(s) is 14322 x 7 = 100254 pip
All SLs moved to Break-even point.
Take Profits:
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96780
TP9= @ 1.41240
TP10= @ 1.61350
TP11= Free
XRP/USD REALLY READY FOR A BUY ? Parabolic run or symmetrical triangle...
Whatever breaks first long it
I don't think it will need a SL
Targets are mentioned with the red lines
XRPUSD SELLHi all, hope you are having a great day! I am expecting XRPUSD to fall in price as we are reaching a level of resistance that has been supported. We are also reaching a support level that has been respected but may not be entirely significant as price has only respected it twice in the past but we may see what happens this time! Have fun trading all!
XRP Short-term Bull Run I see two options: on a bullish note I see it tapping .3822 again as a test of resistance also looking at the RSI we are approaching a buy market.
XRPUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop to our major support (horizontal swing low support) might occur. Stochastic is also approaching resistance where we might see a drop.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop to our major support (horizontal swing low support) might occur. Stochastic is also approaching resistance where we might see a drop.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Can we take a push or a dump further? I am still bullish!So, lets have a look at our baby XRP again.
We have managed to stay at the upper trendline with the Daily candle - check!
RSI is oversold, especially on UNDER the Daily timeframe. On the Daily RSI is on a neutral level (slightly oversold).
On the 4h 21EMA is crossing 50EMA to the downside, what means, that we could still try to test the trendline at araound 0.363$.
Overall I think that we are on a good way to prepping XRP for an bullish outcome.
Lets hope that we can close the weekly candle way up higher than now, so that we don't get a bearish engulfing pattern on the weekly.
XRPUSD testing support, potential for further rise! Price is approaching our first support (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our resistance (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD bounced off support, potential for further rise! Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where we might see a further rise to our major resistance (horizontal swing high resistance, 38.2%Fibonacci retracement, 100% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
