Xrp-usd
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
. RIPPLE/DOLLAR 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 34.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.450 to 0.320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
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= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
. RIPPLE/DOLLAR 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 34.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.450 to 0.320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
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= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
.RIPPLE/DOLLAR 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 36.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the Support zone (0.450 to 0.320), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
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= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
.RIPPLE/DOLLAR 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 36.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the Support zone (0.450 to 0.320), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
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= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
BTC wedging up, about to retrace back into symmetrical triangle?It looks like BTC is wedging up (teal triangle) after it broke out of the symmetrical triangle. Rising wedges are trend reversals, and are more valid in uptrends. BTC looks to have also double topped (1,2) which is also signaling a reversal.
We are also seeing positive momentum drying up on the MACD and RSI oscillators:
Buyers are getting exhausted, and after a decent 17% rise in ~5 days after a 2 month long dump, this isn't surprising. Short term retracements are healthy if we want to see BTC continue up in the long term. If BTC breaks down, the measured move would be around 6100. It also may never reach 6.1k, it is quite possible it will test the .50 fib common retracement level at 6285 and then swing back up.
XRPUSD - SETUP - WEEKLY CONTINUATION - 22 JUNEWELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong bearish Impulse after taking out 0.55 Key Level and break below previous week lows
DAILY
Over 7% drop Today indicating strong bearish pressure
WEEKLY
Overall Bearish but slowing down
LEVELS
SHORT @ 0.49440
SL @ 0.51369
TP1 @ 0.47494
TP2 @ 0.46538
TP3 @ 0.45602
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
XRP / USDT - Long term analysis and projection.. to the Moon?!thought i'd look at the longer term overview and do some EW charting along with some rough projections to see where we are at on a MACRO level.
I think that the $3.30 high was the 5th wave of a giant 1 wave, and we've now put in the 2 and have just started the 3rd with the recent rise to 96c being the 1 wave of the 3rd.
All the fib levels are pin point and crazy accurate which is insane, so it was nice to see their relationships being so on point.
Now as for the projections, there is no guarantee that we will have the same fib relationships of the waves as previously, which is why i included an alternate price point for the 3rd wave in yellow.
Also the timing of these are in no way precise but this whole chart was more of a lets see where we could go from here and have some fun with it!
the chart is in log scale - meaning the higher up the chart, the more the prices compress, this is why going up from 0.5c to 7c looks the same size as going from 2c to 43c...
Im my honest opinion, Ripple and XRP are making HUGE leaps and bounds this year and Im sure this will continue next year as well.
Hate it or love it, we're here to make money, and this right here shows amazing potential.
XRP / USDT - THE RETURN OF THE BULLSXRP / USDT:
I've posted an xrp/btc chart recently, and its a similar story here..
I'm just going to copy/paste the description here cause I'm feeling lazy :P
it seems that we are currently putting in the waves D and E to complete wave 4 of one larger degree;
this means that we'll soon be going up for a wave 5 to complete wave 1 of a larger degree.
then down for a shallow 2 as this is in fact all part of a wave 3 of a larger degree, so brace yourselves!
there are alternate counts that could possibly take us lower, but i think this is the most PROBABLE outcome.
Happy trading and remember that the BULLS ARE COMING! :D
PS. It goes without saying that the boxes are the target zones, and the lines are various points it may get to.