XRPBTC.P trade ideas
xrpbtc analysis on weekly time frame hello everyone ripple morning to all ....my medium term target for rpple is above 50$
so here is the chart of xrpbtc,after touching to 1.40$ which is support and 2570 satoshi ...in weekly timeframe we are ready to break 4000$ which is weekly resistance also chart pattern is showing short term target 4037 satoshi
💡Don't miss the great buy opportunity in XRPBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1000
TP2= @ 1200
TP3= @ 1360
TP4= @ 1570
TP5= @ 1870
TP6= @ 2220
SL= Break below S2
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Ripple/Bitcoin Failing Wedge PossibleRipple/Bitcoin Failing Wedge Possible.... XRP/Btc
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💡It's a great buy opportunity in XRPBTC @Ripple @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000099). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC Ripple Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.0000109
TP2= @ 0.00001137
TP3= @ 0.00001180
TP4= @ 0.00001255
TP5= @ 0.00001358
SL= Break below S2
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BINANCE:XRPBTCXRP drop almost 50% of its price but from this point looking good for buying in short term trade i can't suggest to hold more then a week also you
buy near 1150 to 1200 and put stop loss 1050 to 950
sell T
1400 to 1600
you can take profits from this point. all the best
this just my opinion use money management before following any thing
💡Don't miss the great buy opportunity in Ripple/BitcoinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002980).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Ripple/Bitcoin (XRPBTC) is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003490
TP3= @ 0.00003820
TP4= @ 0.00004200
TP5= @ 0.00004770
TP6= @ 0.00005370
SL= Break below S2
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💡Don't miss the great buy opportunity in XRPBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00001900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1 @ 0.00002400
TP2 @ 0.00002567
TP3 @ 0.00002805
TP4 @ 0.00002940
TP5 @ 0.00003345
TP6 @ 0.00003745
TP7 @ 0.00004090
TP8 @ 0.00004769
TP9 @ 0.00005790
TP10 @ 0.00007190
TP11 @ 0.00010195
TP12 @ 0.00022875
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A trading opportunity to buy in XRPBTCMidterm forecast:
While the price is above the support 17.73520, resumption of uptrend is expected.
We make sure when the resistance at 28.05510 breaks.
If the support at 17.73520 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 52 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 21.48729 on 09/24/2020, so more gains to resistance(s) 23.53520, 25.67175 and maximum to Major Resistance (28.05510) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.
Take Profits:
TP1 @25.67175
TP2 @28.05510
TP3 @33.45315
TP4 @37.45000
TP5 @40.90000
TP6 @47.69000
TP7 @57.90000
TP8 @71.90000
TP9 @101.95000
TP10 @228.75935
TP11 Free
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XRPBTC Update: Profit=2390 SL= 420 Reward/Risk > 5.7:1 Trade Setup summary:
Profit targets=2390 pip (290 + 850 + 1250)
Stop Loss =420 pip
Reward/Risk > 5.7: 1
Current Status:
Total Profit: 1904 pip
Closed trade(s): 1188 pip Profit
Open trade(s): 716 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002178 based on 'previous Forecast' at 2020.07.18 :
Closed Profit:
TP1 @ 0.00002250 touched at 2020.07.26 with 72 pip Profit.
TP2 @ 0.00002360 touched at 2020.08.01 with 182 pip Profit.
TP3 @ 0.00002500 touched at 2020.08.02 with 322 pip Profit.
TP4 @ 0.00002790 touched at 2020.08.03 with 612 pip Profit.
72 + 182 + 322 + 612 = 1188
Open Profit:
Profit for one trade is 0.00002536(current price) - 0.00002178(open price) = 358 pip
2 trade(s) still open, therefore total profit for open trade(s) is 358 x 2 = 716 pip
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.00002500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below TP2
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Trade well, ❤️
ForecastCity English Support Team ❤️