XRPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price can form a head and shoulders pattern in the bottom and then start to move upwards.
It may start its climb when encounters the first support, and if it wants to follow the head and shoulders pattern in the bottom, it could reach up to its left shoulder, which is close to the second support, and if it does not cross and stabilize below the support line, it can move upwards.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
XRP-USDT
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1073).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 1.2090
TP2= @ 1.3175
TP3= @ 1.4156
TP4= @ 1.5323
TP5= @ 1.7068
SL= Break below S2
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💎 Want us to help you become a better Forex / Crypto trader?
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1073).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 1.2090
TP2= @ 1.3175
TP3= @ 1.4156
TP4= @ 1.5323
TP5= @ 1.7068
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
What Happened? Read Here ⚠️Massive sell volumes, Massive liquidations, all in less than an hour. But why?
CryptoTicker.io explained three reasons for this crash:
" 1- JP Morgan issued a Bad Memo to its investors
JP Morgan warned its investors 1 day prior to the crash about buying altcoins during this bull run. They claimed that retail traders were hyping up prices during fundamental advancements in the technology (NFTs, scalable blockchains…). This note created a negative sentiment in the crypto sphere, prompting a heavy sell-off.
2- El Salvador Announced a Bad Start with its crypto integration
The cryptocurrency market started taking a hit as El Salvador’s wallet experienced technical difficulties within hours of its debut. This forced President Bukele to announce that they would temporarily “go offline”. This bad start in their crypto integration scared investors and initiated a sell-off, which translated into a snowball effect on the entire market. Negative news and strong selling pressures have very bad effects on cryptos, especially because of their high volatility.
3- A Price Adjustment was bound to happen
The crypto market rallied for an extended period now with no signs of any retracement in prices. This extended uptrend is definitely scary, especially when prices rise by more than 50% in less than 1 month. Green candles can be seen for most cryptos consecutively. Coupled with bad news, this ticking bomb would definitely explode once profit-takers enter the selling game"
Also as NationalWorld.com says:
"It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.
China’s crackdown on cryptos comes days after Musk’s shock announcement.
Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
The billionaire entrepreneur said: “We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post.
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price."
In the past 24 hours, most cryptocurrencies are in the red. The market as a whole lost more than 10%. The top losers are Filecoin (FIL), MDeX (MDEX), and Ethereum Classic (ETC) all losing around 20%. On the other hand, we can notice top gainers on such a red day like Near Protocol (NEAR) and Solana (SOL) making 22% and 11% respectively.
1- Bitcoin (BTC) : – 9.2 %
2- Ether (ETH) : – 12.7 %
3- Cardano (ADA) : – 16.6 %
4- Binance Coin (BNB): – 14.7 %
5- Tether (USDT) : 0 %
6- Ripple (XRP) : – 21.35 %
7- Solana (SOL) : + 11.63 %
8- Dogecoin (DOGE) : – 17.83 %
8- USD Coin (USDC) : + 0 %
9- Polkadot (DOT): – 19.20 %
What do you think caused this crash? What happened to your positions? Comment below and share it with us.
🔥 XRP Short-Term Bullish PennantXRP has found strong support on the bottom of the pennant during last night's drop.
In case we're going to see a stronger Bitcoin today, I'm expecting XRP to see a move towards the top of the pattern.
Since this pattern is a classical bullish continuation pattern, I'm expecting XRP to break out of the pattern on the top side in the coming days. Main targets are $1.30 and $1.35
XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price can ratify our target if it can stabilize above the line. And if it can not stabilize above the line, we can consider the fall to the support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 XRP Areas To WatchA couple of weeks ago I made an analysis on XRP and the areas I was watching.
As seen on the chart, XRP has seen an incredible run-up since then, blasting through the resistances with great ease.
At the moment, XRP has seen a minor bearish move after hitting $1.36, which is the man resistance for the coming few days. Main area of support ranges from $1.11 to $1.00, something quite big needs to happen for XRP to get below this red area of support.
Main target for the coming two weeks is the green area of resistance, which ranges from $1.65 to $1.77. A >$50k BTC is needed in order to reach the green area.
Happy trading!
BITCOIN TO NEW ATH 2021? Hello trading friends,
Manny asks about or it's possible that bitcoin can hit an all-time high in 2021.
This question is a future question and as we don't know what will happen in the future we cant give a 100% answer to it.
If we depend on this answer to the data that we now have and depending on our chart analysis and expecting, then we expect No all-time high for 2021.
Have a great time.
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
ETN TOOL Expecting for long term main trend SHORT
Ripple XRP to 1.06$ ?I am not an XRP investor as a result of the active lawsuit it has with the SEC, but I am not blind either. There is a clear pattern of accumulation in XRP since the end of May, after a correction of -74.4%.
We must add to this that the daily candles are showing us a cup and handle pattern, where its target is at approximately $ 1.06 which represents 38.20% fibo of the corrective trend.