Th57Trader

XRP ASCENDING WEDGE πŸ€“βš‘πŸ€“βš‘πŸ€“

Short
Th57Trader Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Hi dear traders
XRP has formed Ascending Wedge.
Volume growth and the price moving below EMA50.
I expect the price return to bottom of Wedge, near support area in next few days.
We can open short position and take profit πŸ“ˆ.
We are trying to take profit πŸ“ˆin short term.
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Comment:
Tp 0.37 hit 🎯
Comment:
Tp 0.3622 hit 🎯
Comment:
Key level 0.3622 ,keep an eye to this area, any breakdown this area price go down to next support area
Trade active
Trade closed manually
Trade active:
Tp 0.39
Tp 0.38.5
Tp 0.38
SL 0.41
Comment:
Tp1 hit 🎯
Comment:
Tp2 hit 🎯
Comment:
Tp 3 hit 🎯
Comment:
The price return to retest bearish trend line act as support in Daily timeframe.
If breakdown, then go down to support area, otherwise price can rise to first resistance near 0.4
Save some profit now βœ”
Comment:
Hit 0.37 🎯
Comment:
Hit 0.3622 🎯
Comment:
Save some profit at 0.3622
If breakdown this area then price go down to support area.
Comment:
XRP Next stop 0.355 , 0.35
Let's see what happens
Comment:
Tp 0.355 hit 🎯
Comment:
Tp 0.35 hit 🎯
We got 10.07% profit from the first entry
Comment:
Now if price hold this area then go up ,otherwise the price go down to support area near 0.32
Let's see what happens
Good luck
Comment:
Next stop
Tp 0.348
Tp 0.3434
Tp 0.34
Tp 0.3366
Tp 0.332
Tp 0.3219
Let's see what happens
Comment:
XRP unable to breakout bearish trend line
Possible secnario
Let's see what happens
Comment:
Tp 0.3681 hit 🎯
Comment:
Save some profit now βœ”
The price reaction the middle of the pitchfork channel
Comment:
The price hit 0.355 🎯
Next support area is 0.35 ,if lost this area next important support area o.335
As you can see the price bounced several times form 0.35 ,keep an eye on the this area .
Let's see what happens
Trade active:
Hi dear traders
The price is moving in the downward channel in the daily time frame.
As we expected, it is moving according to the forecast.
We consider the return of the price to the support area as a target.
0.37
0.365
0.36
0.355
0.35
0.34
0.334
Let's see what happens
Trade closed manually:
Waiting for new entery
Comment:
If breakout 0.41 area then we can open long position otherwise price go down to support area near 0.34 .
Short position
SL 0.42
FINAL TARGET 0.34
Long position
Entery 0.42
SL 0.35
FINAL TARGET 0.5
Good luck
Trade active:
Comment:
Everything is clear in the chart.
Let's see what happens
Good luck
Comment:
Tp 0.38 hit 🎯
Next stop 0.375 , 0.37 , 0.365
Let's see what happens
Comment:
Tp 0.375 hit 🎯
Comment:
Tp 0.37 hit 🎯
Comment:
The price is suffering between 0.375 and 0.38.
Save some profit.
We are waiting for the price reaction for another entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.