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XRP Pullback in playHey guys, it's been a long over due update on the markets. Although, not much has changed on the crypto forefront. With most coins ranging(accumulation). However we did spot something interesting on #XRP. The price has formed a higher high structure after holding support of 0.2-0.3 very well and a strong monthly bullish engulfing candle closure. This means if we retrace back towards the daily sub demand level to grab liquidity and hold, we could see #xrp absolutely blast through towards the weekly supply zone of 0.67 - 0.85 zone. Also the RSI on the weekly is forming bullish patterns (swipe) which is yet another confluence towards a long overdue upside momentum. This could be a key area to take some profits if you have been accumulating at current levels. As we all tend to forget we are in a bear market and the price retraces towards the upside only to go lower following bear market structure.
by CryptoBlanco
1
PEL - Long viewFor PEL we will use the strategy which includes EMA(exponential moving average). Now remember this is a long term investment so it would involve buying in small quantity and buy on dips. Current Price action CMP = 1012.15 1. EMA 9 = 1031.45 2. EMA 20 = 1030.85 3. EMA 50 = 1012.90 4. EMA 100 = 1039.00 Look to buy above 1042 for our next target 1158.75 Once this has been taken out we can look towards 1252.80 Then we move to our next target of 1346.80 which would play a significant role in price action. As long as price is trading above 1346.80, we should be able to achieve our next target of 1480.65 without much hassle. Then on start booking profits and leave a less quantity for targets of 1651/1867 to be achieved.
NSE:PELLong
by simpletradewithpatience