My long entry on XRPUSDT at 1.2000
1st TARGET: 1.4820
2nd TARGET: 1.880
So, if someone holding XRP from deep and unable to decide where to hold then it's helps you. (do your own research also)
So here on XRPUSDT the price has formed a descending Triangle at the Support zone and has got 3 rejections. It is expected that the prices breaks above the Resistance line and goes higher up to 1.04
If the breakout happened at the lower time frame we need to see the candlestick patterns and if we see a Bullish pattern we can go long.
However if it breaks below...
BTCUSDT 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...
As we can see on May 21, XRPUSDT broke through the support level and dropped to $ 0.78. Where the price bounced from and tried to test the $ 1 resistance level, but could not break it and rebounded. For almost 10 days, the price has been in the $ 0.78 - $ 1 range. If the price breaks the resistance level and consolidates behind it, then growth to $ 1.2 is...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT 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...
It seems the asset class is sideway in 4 hours chart. I have created a Quantbox, based on the volume accumulation and distribution which is clearly showing that XRPUSD is trading between USDT1.4468 to USDT1.3412, and created a narrow channel of the range around USDT 0.1.
MFI has also got arrested into a box channel which is creating a coil channel movement....
