There is a trading opportunity to Sell in XRPETHTechnical analysis:
. RIPPLE/ETHEREUM is in a downtrend and continuation of the downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance zone (0.00244800 to 0.00257350 ). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00244800)
Ending of entry zone (0.00257350)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our "Price Action" strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00224800
TP2= @ 0.00216600
TP3= @ 0.00206000
TP4= @ 0.00192800
TP5= @ 0.00157700
TP6= @ 0.00148200
TP7= @ 0.00126000
TP8= @ 0.00115200
TP9= @ 0.00091000
TP10= Free
