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 (0.41700 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.41700)
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
