XRPUSDT short on 4h chart and Entry at current market price and stop loss at .4150.
As per EW theory its the C wave in downtrend of overall bullish trend. i would be taking this short term benefit of small penny in my account.
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XRP/USDT UPDATE!
As we can see in the above-mentioned chart that XRP is trading inside a parallel channel pattern and is currently rejected from the middle band at a...
after a crash of almost 60 %
the price took a support on monthly support zone and golden fib level and buyer have accumulated it well and we can see bullish engulfing
the coin XRP is small price wise & volatile to trade but with right entry and exit it give nice huge % swings
with entry at cmp and sl of 0.7345 and target can be spilt between 50-50% cut off the...
xrp is the small coin trading between range of almost below 2.00 to above 0.500
due to its high volatility i switched to monthly time frame, so if you are a short trader or can absorb the extra ups and downs of the coin and has longer horizon then only it is applicable according to this setup
As we see from the start the coin opened and made lower low and...
Crypto is now getting adapted , so applying technical analysis is helping making good money. Like equity markets and fundamentals , potentials coins will also move that way. XRP having a great potential in future with finance and it's innovation. Just in 5 years we gonna have a great zig-zag ride to the moon.
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...
XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend...
Right Its Look like that its holding Trend line support Area .
With the help of S&R We have find some targets and Stop loss Area
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
