Trade ideas
💡 Don't miss the great buy opportunity in Ripple XRPUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6273). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ripple XRPUSDT is in an uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.78030
TP2= @ 0.87730
TP3= @ 1.00000
TP4= @ 1.06630
SL= Break below S2
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Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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XRP to continue marching up ward in Bull trend XRP is a useless coin never the less
it pumps along with the crypto eco sphere
Ripple labs is great at marketing expect this alt to rise with the tides of this macro bull market on gold & bitcoin
Even sinking ships rise with tides
Manage risk accordingly.
Jump ship when it feels like you're a genius - Matt
XRPUSD : RIPPLE READY TO MOON ABOVE $3 ?Ripple is looking nice after 1yr of range bound market it is in active action this is good zone to buy
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Ripple Might be Go to $0.235 LevelRipple Might be go for $0.235 in next 48 Hours. It may be possible scenario.
Thanks & Regards
Myrocket7393
head and shoulder1hour time frame forming head and shoulder .
If the neck line doesn't hold we may see price fall soon.
