A trading opportunity to buy in XRPBTCMidterm forecast:
While the price is above the support 17.73520, resumption of uptrend is expected.
We make sure when the resistance at 28.05510 breaks.
If the support at 17.73520 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 52 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 21.48729 on 09/24/2020, so more gains to resistance(s) 23.53520, 25.67175 and maximum to Major Resistance (28.05510) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.
Take Profits:
TP1 @25.67175
TP2 @28.05510
TP3 @33.45315
TP4 @37.45000
TP5 @40.90000
TP6 @47.69000
TP7 @57.90000
TP8 @71.90000
TP9 @101.95000
TP10 @228.75935
TP11 Free
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Ripple-btc
Don't miss the great buy opportunity in XRPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC 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 63.
Take Profits:
TP1= @ 0.00002250
TP2= @ 0.00002360
TP3= @ 0.00002500
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
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= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free