Xrpbtclong
XRP short term outlinedHere I have outlined some possibilities I see playing out for XRP. Lets start by noticing XRP is currently falling from a hidden bearish divergence, not shown on this chart but you can find it on the 4H. The white line I have outlined is the top of a longer term falling wedge, price has broken out from this falling wedge and this is a typical retracement back down to test as support. With the last bullish move from XRP we can see 5 impulse waves were formed so now we can expect 3 correctional waves. As you can see I believe we are currently starting wave 2 with the recent wick down to the wedge (white line) followed by the bullish candles. Looking at resistance points and the past impulse waves the red box is where I will be looking to enter a short. As I mentioned, XRP is currently falling from a hidden bearish divergence on the 4H, 3 correctional waves are expected, and too also note, my trading script is also signaling short. Now I have also outlined with the green box where I will be looking for a possibility of opening a long, this is where I believe the 3rd correctional wave will end with another test of the wedge as support. I would also like to note that this green box is also placed around the .618 fib level from the first impulse cycle.
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XRP "Ripple" SLIGHT retrace to MOON Target's Included! Hello my friends, Hope everyone is making the best out of this crypto market!
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KEY POINTS for XRP
1. Resistance- 0.000098-0.00010
2. RSI4HR- 26.4
3. MACD4HR- OVERBOUGHT
4. Support 0.000092 - 0.000094
Overall
Good entry approaching us between 0.000092-0.000094
INCOMING RESISTANCE
1. 0.00010000 - Which it should break through to reach NEXT reisstance points below.
2. 0.00012000
3. 0.00014000
Entry 0.000092000 - 0.000094000
Position - LONG
Leverage - 10x
Target's Below
1. 0.00010000
2. 0.00011000
3. 0.00012000 - 0.00014000
3.
Ripple (XRP) Long Opportunity upto 20% !!Ripple (XRP) Long Opportunity Came Again if Price take some Correction around 7700-7800 then we have chance to Long XRP Upto 20% Move.
Becuase XRP Following Purple Color Trend Line and price Can Move after Correction .
Let See ........!!
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
$XRP long setup on BitmexEntered a long position $XRP #Ripple based on oscillators oversold, testing 200 sma, support showing in the candles, couple of green volume bars showing, price entered into the .618 fib zone. Margin is only 3x, liquidation price is way down the ladder, stop loss setup in case it goes against me, targets at resistance and alerts set to get me out of bed. For me its a matter of gains on wins far outweighing small amount of times stop losses get hit. Lets see how it plays out. If you cant see the chart just double click the price column and it will appear. NOT financial advice, trading crypto is risky.