There is a possibility for the beginning of uptrend in RippleTechnical analysis:
. RIPPLE/DOLLAR is in a Range Bound and Beginning of up trend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.63 to 0.32). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.63)
. Ending of entry zone (0.32)
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 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= @ 0.94
TP2= @ 1.18
TP3= @ 1.63
TP4= @ 2.00
TP5= @ 2.36
TP6= @ 3.53
TP7= Free
