Technical 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002950 to 0.00002400). if so, traders can set orders based on Price...
closing the longs on xrp btc , let this 4 h pan out ..so booking the profits on it , if this 4h close here & next candle close with a red one it can make hidden bear divergence . so looking for better entry as of now .
As the last green line denote final support , i m filling my bags of xrp from 2900 till 2600 sats . .. i already bought some 2880& keep averaging anything below it , till 2600sats .
its just 1 week i claimed this trade & i know people r impatient & so they loose money .
#xrpbtc i like this pair ... one of the most hated cryptocurrency on crypto twitter till the time it don't pump , a dead thing for long & uncomparable pump machine when it becomes alive .
Now comes the TA part ... as can be seen in this weekly layout , price action is coherently touching the support area (green line) with SUPPORT on RSI & STOCHRSI ...it happens...
XRP/BTC.. 4000 SATS IS THE ZONE TO BUY IT ALL ....LONG TERM SUPPORT ON WEEKLY.
RSI & STOCHRSI CAN MAKE REGULAR BULLISH DIVERGENCE IF PRICE TAKES A BOUNCE FROM THESE LEVEL , JUST ONE DAY LEFT FOR WEEKLY CLOSE , BE PATIENT & WAIT LIKE TIGER DOES FOR PREY & READY TO POUNCE AT THESE LEVELS, BEST RISK REWARD RATIO.
If u notice XRP -BTC making classical hidden bullish divergence on weekly ,with forming a triangle on long term support zone ...most probable outcome would be out burst to upside in coming 10-15 days . its a buy on dip scenario for XRP/BTC in coming day as i expect upside upto 10000 sats in next 2-3 weeks .
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