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XRPEUR trade ideas

XRP Bullish scenarioHi there, This is my vision on XRP if the bulls can overtake the bears in the coming weeks. On the daily XRP is forming a bull flag with an ascending triangle and it's been finding support on the 200 daily. If it is to break out we will probably go above the previous high. Now volume is important to give it momentum, xRapid adoption or speculation might cause this. Shorts are also picking up again so another short squeeze when we break resistance is also possible. There are some mixed signals at the moment, we also see a double top which makes this look a bit like a bull trap. There are points to be made on the bear and bull side. However oktober till december are historically good months for crypto so i'm leaning towards the long side here. XRP makes a lot of vertical moves so it is important to keep an eye on this if it breaks out so we don't miss the opportunity. We probably see this play out somewhere around the 15th. Comments, critics, and different ideas are most welcome. So if you don't agree with me please let me know, i'm always eager to learn.
Long
by Bittimmer
A trading opportunity to buy in XRPEURTechnical analysis: . RIPPLE/EURO 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 67. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.45100 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.45100) Ending of entry zone (0.30300) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.64700 TP2= @ 0.75600 TP3= @ 0.95900 TP4= @ 1.09100 TP5= @ 1.35700 TP6= @ 2.01000 TP7= @ 2.49900 TP8= Free
Long
by ForecastCity
A trading opportunity to buy in XRPEURTechnical analysis: . RIPPLE/EURO 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 67. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.45100 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.45100) Ending of entry zone (0.30300) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.64700 TP2= @ 0.75600 TP3= @ 0.95900 TP4= @ 1.09100 TP5= @ 1.35700 TP6= @ 2.01000 TP7= @ 2.49900 TP8= Free
Long
by ForecastCity
9
XRP - Sideways Consolidation Followed By Decline Over Next Week After the price surge of over 100% within two days, i wonder where the price goes from here. Due to the fact that the price rose so fast in such the short timeframe, i dont believe that XRP price will continue to rise. I expect some sideways consolidation followed by a decline in price to a resistance level of approx 0.39EUR by next week. (I hope so anyway, I dont get paid till the end of next week and some low prices would be ideal lol) What do you guys think? #XRP #XRPTHESTANDARD #XRPTOTHEMOON #RIPPLENWO
Long
by StephenGuilfoyle
2
Am I missing something? XRPEUR textbook bullflag?Hello, A lot of people on here call for lower prices for the XRPEUR pair. In my opinion, however, XRPEUR builds a textbook bullflag. Actually, within that bullflag, price already touched the 0.382 Fibonacci level, which is thought to be the normal (maximum) retracement of the second wave of a new Elliot waves Cicle. Once XRPEUR breaks the triangle upwards, price targets are the 1.618 and the 2.618 Fibonacci levels. Because the flagpole's size was a surge in price of about 150%, I would assume that XRPEUR would attempt to reach the 2.618 level. Certainly, if the triangle breaks downwards, price may visit the 0.382 Fibonacci level again. What is your opinion? Am I missing something crucial in my analysis? * Note that I am using the Log-scale. --- DISCLAIMER --- This information is NOT a trading, investing, buy, or sell advice. This information is a personal opinion and to be used for educational purposes only.
by c_c
1