XRPUSDT - a PennantWhat Is a Pennant?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
all the goals are drawn on the chart!
Xrpusdtlong
XRP to $5XRP is looking bullish technically as well as fundamentally.
It is forming inverse H&S on charts and is ready to explode. Once it breaks $1 mark, it will break its ATH in no time and will make a new ATH of $5.
It is also planning to launch NFTs on its ledger which will give XRP a super boost.
XRPUSDT (ripple), time to purchase.Hi friends. So we all know that ripple very specific crypto. And ripple not directly related to bitcoin pricing. In last days i see very good bulls potential in this cryptocurrency. I mark all interesting market process areas on the chart window. And i mark important levels for you.
Volume analysis thanks to "Earned Pro" script (link below - you can rent it). Levels thanks to X-Lines script (free to use).
XRP/USDT - Cup with handle. UPTREND❗️❗️❗️ More Trading Charts here: (LINK IN DESCRIPTION) ❗️❗️❗️
Good afternoon dear traders or those who want to trade, but do not know where to start.
I haven't written posts for a long time, but look at the market, there is something to work on and positions are rushed every day in large quantities. I decided to share one of them with you.
Many people love this coin, while others hate it. I make profit on it. The price has been consolidating in a downward channel for a long time. This is a bullish trade within which an under-block figure in the form of a cup with a handle is formed.
I am still waiting for the trade with the formation of the cup handle and after that impulsive growth. Therefore, we take this asset under the gun, find our entry points and make a profit.
❗️❗️❗️Disclamer❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
This Channel is not financial advise, It's My opinion and My observation: @opptrade
$XRP - UK say it isn't a security!!! Get inUK Treasury has came out and said that XRP is not a security and it came under another brand of asset, 'unregulated tokens'
"In December 2020, the U.S. regulator filed a lawsuit against Ripple, which alleges that its ongoing XRP token sales constitute an unregistered securities offering worth $1.38 billion."
"Meanwhile, Ripple CEO Brad Garlinghouse insists that XRP is not a security even by U.S. standards." - (CryptoBriefing)
So XRP is unlikely to be called a security now but the continued scam selling completed by the CEOs is probably now the issue as this isn't allowed with stocks/securities, but this is a crypto not a stock or a security so it's still up in the air
However chart looks pretty good to me
This downside move looks very forced, with SL hunts taking place below 2019 High
If this is a short lived move it will be classed as a deviation from the top range which is above the 2019 high
If so a breakout play from a descending triangle looks likely with a push back to 0.62 on the cards
However we need BTC strength/ranging for this which is skeptical. It seems people are rotating into BTC out of alts, BTC dominance up, but BTC price isn't rising with it which got me a bit spooked
XRP plays from the SL hunt levels could be very nice if we get BTC strength!
XRP/USDT BULLISH ASCENDING TRIANGLE Hey hey my friends!
Xrp is looking like its curling up nicely in this very bullish pattern!
No position is open on this yet but we will be buying the breakout of this pattern, with a bullish macd cross incoming!
Copy this chart and set your alerts!
The XRP moon-boys will be correct one day ;)
Enjoy the ride
💡 Don't miss the great buy opportunity in XRPUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.41). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.45
TP2= @ 0.50
TP3= @ 0.56
TP4= @ 0.62
TP5= @ 0.67
TP6= @ 0.75
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XRPUSDT, long after correction.Hi friends. XRP have a chance to correction but bulls are not exhausted. In this time and few hours ago (i mark this zone) exchange actively purchased traders closings and now we can going to invest zone after part of this was satisfy and then price will going upper to bulls targets. I mark all interesting levels on the chart window. Levels thanks to X-Lines script. Volume analysis - "Earned Pro".