XRPBTC nearing the end of bearish trendRSI has been on an upward trend on 1D chart. But previous trends suggest it makes 4 lows with successive higher lows on RSI. The current low is 3rd and we may see XRP a little lower before it reverts to uptrend. However, this is good time to buy XRP. the trend may be similar but once starts to move up it gives little chance to entry. Its better to slowly accumulate while it is oversold category than wait for the trend to reverse.
The current target is hard to determine. If the fourth low will be similar to the third low so this is a good area for accumulation.
A optimistic target would be 186.24% of the current value, which would be .000145925. But a real target would be 147% .0001259. These targets are based on the previous uptrend from September 2018 to December 2018.
Note: the trendline on the RSI is just to denote and upward move. It is not a support line.
XRPBTC.P trade ideas
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. 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 29.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000515 to 0.00004500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000515)
Ending of entry zone (0.00004500)
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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00006100
TP2= @ 0.00006960
TP3= @ 0.00007900
TP4= @ 0.00008600
TP5= @ 0.00010250
TP6= @ 0.00012145
TP7= @ 0.00014050
TP8= Free
Bullish Divergence on 1 day XRP/BTC
This would be short update for XRP/BTC from my previous chart update i mention there will be an possible of divergence in the progress of the downside of price action..
This was been drawn from 23 april 2019... which i predict of some kind bullish divergence would formed with red color line.
Let's see the recent chart..
Nice form of bullish divergence is appear, but dont get to exited yet as we will find out if this could be a trend change in within next 1 - 2 months. and if this do plays out well.. it must be accompany with a great ammount of volume too..
please feel free to share what your thought and please do take this idea as grain of salt..
peace..
Is this going to be play out well?? we will see..
xrp in long run This is a 1D chart of a xrp . here we can se that the fib 0.786 is present at the 57xx level and the pitchfork support is also present at same level so it is good point to long xrp.
also we can see that in the chart that there is divergence in the RSI which is also showing that we are on the verge of reversal . Also the rsi is currently at the lowest point of all time .
entry point for long :
5750-5650
happy trading. please like of you agree
XRPBTC Latest Technical AnalysisRight 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
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. 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 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free