There is still possibility to buy in XRPBTC ...Technical analysis:
RIPPLE/BITCOIN 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:
*The price is in a range bound, but we forecast the uptrend would begin.
*Price is in the support zone (0.00009 to 0.00006), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00009)
Ending of entry zone (0.00006)
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:
Trade Setup:
We opened 5 Buy trade(s) @ 0.00008110 (day close price) based on 'Hammer' at 04.12.2018 signaled by our "Daily Trading Opportunity".
Total Profit: 2135 pip
Closed trade(s): 0 pip Profit
Open trade(s): 2135 pip Profit
Open Profit:
Profit for one trade is 0.00008537(current price) - 0.00008110(open price)= 427 pip
5 trade(s) still open, therefore total profit for open trade(s) is 427 x 5= 2135 pip
Take Profits:
TP1= @ 0.000125
TP2= @ 0.000146
TP3= @ 0.000178
TP4= @ 0.000229
TP5= Free
