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XRPEUR trade ideas

Pitchfork analysis long and short time scale.Dear Traders, This will be my first published idea on tradingview. First we take a look on the 4 hours time scale. You can see that i have made 2 pitchforks, 1 big pitchfork which shows that XRP/EUR is in a strong bearish move and a smaller one within which shows a bullish move. Today we crossed the upper band support of the large pitchfork. Most probably a retest will hapen to confirm if the suppport has become a resistance. If the resistance keeps up we will most definitly go further down, at least to the median which, projected in time will be around 0.28-0.30EUR, depending how fast it wil go. Zooming in at the 1 hour time scale. We clearly see that XRP/EUR found support on the bottom of the smaller pitchfork. What I believe will hapen is that consolidation will take place between the resistance of the large pitchfork upper band and the support at the bottom of the smaller pitchfork. For me there are two options after the consolidation. 1. XRP breaks back into the uper band of the large pitchfork where it will rise back to the upper side. +-0.43EUR 2. Resistance hold and we will go further down to the median line of the large pitchfork. If this happens the smaller pitchfork is broken and not valid anymore. 0.28-0.30EUR For now i do nothing and watch what will hapen before doing a move. Greetings from Belgium!
by Laurens_trading9
3
It's a bullflag XRPEURHello all, hope you are having a great day. This is a quick post on XRPEUR -0.51% which seems to be forming a bullflag at the moment. Once .464 EUR is broken, the next short-term target is around .486 EUR. The medium-term target is around .526 EUR and dependening on the momentum the price may extend to the 1.618 Fibonacci level at around .55 EUR, where I expect a major retracement. Comments are welcome. Please like & follow for more TA. DISCLAIMER: This is neither a trading nor a financial advice. You are responsible for your own actions so do your own research.
by c_c