There is a possibility for the beginning of an uptrend in XRPEURTechnical analysis:
. Ripple/Euro 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 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.33000 to 0.28400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.33000)
Ending of entry zone (0.28400)
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 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= @ 0.42000
TP2= @ 0.50240
TP3= @ 0.62700
TP4= @ 0.75600
TP5= @ 0.95900
TP6= @ 1.09000
TP7= @ 1.35700
TP8= Free
