XRP: Can recent bullish momentum last?!XRP
Intraday - We look to Buy at 0.3771 (stop at 0.3658)
Support is located at 0.3800 and should stem dips to this area. 0.3755 has been pivotal. We are trading at oversold extremes. We look for a temporary move lower.
Our profit targets will be 0.4048 and 0.4098
Resistance: 0.4100 / 0.4250 / 0.4400
Support: 0.3900 / 0.3800 / 0.3700
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Xrpusdsignal
XRP Bullish...XRP has been in a downward trend since topping on 14th April 2021, and have been expecting to get into the bluebox since the beginning of the year(2022) and now we are there, and still expecting to go lower!
That top(14 April) marked a decline in a 7 swing sequence which has been in play and is about to end. What I see currently is a push to the upside to about $0.51, which completes wave 4 in the orange colour degree of which we will see the price moving lower to break the May 12, low ($0.33). I am expecting price to reach about $0.25 which is the bottom of the channel trendline containing a zig zag structure completing our (5th wave in orange, & also (y) in blue; and also our(Y) in the white degree and in-turn our wave (ii) in purple. Only then can we expect price to push up higher to new highs. Understanding wave degrees is the primary key to know which direction price will take especially in such a corrective Instrument which has been held up by the SEC lawsuit.
Alternative View....!
On this Instrument, the alternative will come in play if price breaks below $0.11, otherwise there isn't much of a downside possibility, (Take with Caution!)
NOTE: I would love to see the 5th wave that will break the May 12, ($0.33) moving impulsively to the downside( a spike) to show exhaustion.
Price could also turn from were it is currently with the most important thing it has to do is break the May 12, 2022 low.
Target:
1st at $3.00 (conservative)
2nd at $13.00
3rd at $120.00
If however you are a XRP holder like me I wouldn't Shy away a Price of $9700, its a very plausible target...
XRP formed big bullish Gartley for upto 870% huge moveHi dear friends, hope you are well and welcome to the new trade setup of XRP.
On a monthly time frame, XRP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XRPUSD Short-term trade signal!Hi friends, I hope y'all having a profitable week ;)
Today, we've got two weekly counter-trend bullish signals on top of the long-term trend bearish signal that we took a trade on the first week of May 2022. We still going to hold the long-term trade till we get an exit signal that will trigger once the price has bullish broke and closed above the 1st Weekly Key Lvl and 8 m.a. The counter-trend trade we aiming to take, will probably end on the long-term trades exit key level. So we kind off looking to breakeven in some way here. Now lets take a look at how the bulls and bears will behave in triggering the 2 trades and dis-confirming them.
Bulls: -The price may bullish rally to the last take profit point - probably after it has bearish bounced off the Mini Daily Half a Neckline/4H Neckline 2 and 8 (dark blue) m.a (1st signal) to bullish breaking and retesting the Mini 4H Half a Bat Neckline (2nd signal) . That will trigger what I call a Double Bottom C-E.1 & E.2 signal.
Bears: The price will dis-confirm the rally - probably after it has formed a bearish reversal pattern that will drop the price to bearish and retest the 4H Neckline together with the 50 (light blue) and bearish crossed (dark blue and red) m.a's.
That's its. I hope you found value in this. If you have a different view, feel free to share it in the comments section. I'd love to know your thoughts!
Stay Blessed,
Doji-2K1
XRPUSD BEARS BACK IN ACTIONLast year August, Down to November and January this year, i bagged XRPUSD using a swing trading strategy, i am not a moon fan, so i did not get in on the Bull run rather i was waiting for entry to retest my sell zone and here we are 2 months later, price seem ready for action and bears are about to take over... ignore social media noise if you trust my analysis and bag with proper risk management..
I wish everyone a successful month ahead, this trade could last for weeks, so bag without FOMO. stay STUCKINPROFIT