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-usd
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.
XRPUSD short term Bullish trade opportunity: Risk 1 to Earn 2Bitcoin bounced of 7200 , indicating alt session will get some needed love over the next few days. If bitcoin holds above 7200, this would indicate a Higher low and the consolidation continues to the upside now. XRP has been over sold and now its a good opportunity based on the risk/reward criteria. This is not a hope and hold but an actual calculationed risk per trade. Use 1-5% of your portfolio to buy here and hold it for the next wave up. Expect to break out of the bearish channel and move up to resistance.
Ripple green candles next months ?? hello my idea show that ripple can go up from next month or next candle if the last candle wish is red will close on ~0.67, the next candle will be green its that the price can be 0.8 ,0.9, 1$ or more.
the price can go down more to 0.55 maybe 0.48 before closing on ~0.67 , if you see like this number buy fast because you the next candle will change for the best .
XRP/USD : BinanceFib levels labelled, showing confluence with Trendline contact points, reaching back, since inception of the XRP/USD wave structure.
My first post, lets see how it goes.
Last structure I expect is an XYZ Zigzag, a substructure of the WXYZ shown on my shared chart.
Not financial advice.
There is a possibility for the beginning of uptrend in RippleTechnical analysis:
. RIPPLE/DOLLAR is in a Range Bound and Beginning of up trend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.63 to 0.32). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.63)
. Ending of entry zone (0.32)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.94
TP2= @ 1.18
TP3= @ 1.63
TP4= @ 2.00
TP5= @ 2.36
TP6= @ 3.53
TP7= Free