Xrpusdsignal
Ripple Trading planThe price broke up a Tringle. Ripple will move up to key sell zone $0.60 - $0.62 There are end of 2nd Wave up.
$0.6 -$0.62 - is Sell Zone. Near that level we can open a Short.
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I'll write when to open a Short if this post get 45 like.
XRPUSD Multi Timeframe analysis holding support............If you missed the train of Ripple you can get it again but now it is on a strong support zone and preparing for an another small jump near the high of this recent rally if you didn't sell at the high you can get a second chance of selling at the near high of this recent rally. Then another dump will happen again and the price of ripple will fall to almost 0.3307$ and may even lower than that.
Currently on the 4 Hour Chart Ripple stopped at EMA ribbon first, secondly 0.45410$ is the low of 2018 1st week of April working as support and 50 EMA is there.
Now you can take short term trade decision by seeing the 1 Hour Chart.
Main key level to watch - 0.455$ if break and close below it the we may not an another jump price will fall vertically.
Resistance - 0.48$
If you are on any open position and trade your stop loss should be below the main support level 0.4510$
See the 1 Hour Chart Below.
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.