Ripple (XRPUSDT) setting up for upmove - LONG for medium termRipple (XRPUSDT) setting up for upmove - LONG for medium term. Levels mentioned on the chart are on DAILY closing basis. Could see the Target levels in the coming months if markets stay bullish and there are no adverse regulatory actions against them by countries.
Make sure to balance out your risks while trading crypto and do not use leverage as far as possible.
** Important Note - This post is my own study of the mentioned crypto and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.
S-XRP
XRP trade plan
On daily chart it had breakout from triangle pattern and then started consolidating in a zone
on hourly it is on support side on consolidation range and created a triangle with a breakout
om 15-30 mins there is one more side ways consolidation rectangle, after the breakout and retest we can initiate the trade
with good RR of 1:3.5 and 11 percent move good for swing trades
XRP Price Crypto price predictions can be fairly difficult, especially in the case of XRP. XRP has been embroid on a legal dispute with the US SEC in the courts for many years now, and the ultimate future of Ripple hangs under the US courts decisions. Still, many crypto experts have given XRP price prediction. The website PrimeXBT believes that if Ripple wins their case, the price of XRP could jump up to $20, based on the good news and eventually fall back to a realistic $3-4 in a couple of years. Digital Coin Price predicts that the price of Ripple could go up to $1.46 and up to $1.8 in 2022. Trading Beasts predicts that the price of Ripple could go up to $1.2 by the end of the year. Wallet Investor predicts that the price of Ripple could reach $1.9 in a year. However, this is all speculation and price predictions should be taken with a grain of salt.
XRP ShortLast leg for wave 5 in progress, probable targets in chart.
All analysis is for educational purpose only.
💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5803).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 0.7069
TP2= @ 0.8169
TP3= @ 0.9298
TP4= @ 1.0681
TP5= @ 1.1959
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BTCUSDT and XRPUSDT Technical AnalysisBTCUSDT has already broken two major Resistances on the 4H and 1D . After 4 rejections at the Resistance on the 4H finally it broke above it and has been going up since then. The candles pattern also is showing a pure uptrend for the last 6 days on the Daily time frame .
On the 4H time frame the price has formed a Triangle. We might have a shallow Pullback after the price getting out of the Triangle but what I expect is to go higher to hit 43031.0
Buy now or Buy at 37339.1
SL @ 34119.0
TP1 @ 43031.0
TP2 @ 47578.0
TP3 @ 51555.2
XRPUSDT also has formed a Triangle on 4H and daily time frames. We need to wait until it gets out of the Triangle and then based on the Candlestick patterns on the lower time frames look for any potential entry in the direction of the market.
Happy Trading :)
If you find this helpful and want more FREE forecasts in TradingView
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is really appreciated!❤️
BNB LONG !!! Simple trade setup in BNB/USDT ( Binance coin )
- Based purely on price action and fib levels.
- Always use stop-loss.
- Shifting stop loss is advised for active traders.
- Beginners don't use leverage to trade Crypto as it is so volatile.
- Trade according to the levels
- DM to learn to trade Crypto in India for FREE !!!