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XRP RIPPLE HUGE MOVE IS COMING NOW LETS TRY TO PREDICT ITRIPPLE AND ICHIMOKU CLOUD CONFUCUENCE TRADE I.E CROSS OVER TO THE UPSIDE AFTER A STRONG DOWNTREND IS ALMOST 100% SURE TO GIVE YOU HUGE MOVES SCROLL THE CHART TO SEE ,NOW WE ARE IN A STRONG DOWTREND FOR A WHILE AND THE CLOUD IS RED TOO FOR A SIGN TO BUY THE XRP WE HAVE TO CLOSE ABOVE THE CLOUD IN A CANDLESTICK CHART SO WE CAN GO IN THE TRAD E NOW LETS PLAY THE PAITENCE GAME
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
Unbelievable run - Take the profit.Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @ the trendline around $1.87 which is the 1.618 fib level. If it falls harder it could find some support at fib level 1 ($1.23). The selling volumes are pretty low though.
B. It may get into a consolidation phase for a while. Look at the encircled portions in the chart. Everytime it hit an all time high it consolidated along that line sideways before making the next move. In this case it may go along the fib level 2 line and find support at the orange trend line before making the next move.
C. If it manages to surpass the Orange trend line on top, it may reach $2.7 (fib level 2.414). This is less likely at the moment in my opinion.
What the next move would be is difficult to predict. We'll have to wait an watch. However, I have a feeling (this is purely my assumption based on the past performance of the ticker) that it'd follow option B above.
Note: if you went in early then now is a great time to seek some portions of your profit. :)
Please feel free to revert with your feedback. Thank you!