xrp bullish after a crash of almost 60 %
the price took a support on monthly support zone and golden fib level and buyer have accumulated it well and we can see bullish engulfing
the coin XRP is small price wise & volatile to trade but with right entry and exit it give nice huge % swings
with entry at cmp and sl of 0.7345 and target can be spilt between 50-50% cut off the 0.5 and 0.e levels of fib resistance fan which is approximately around 0.8528 & 0.9482
Trade ideas
xrp trend and how to capture it xrp is the small coin trading between range of almost below 2.00 to above 0.500
due to its high volatility i switched to monthly time frame, so if you are a short trader or can absorb the extra ups and downs of the coin and has longer horizon then only it is applicable according to this setup
As we see from the start the coin opened and made lower low and later after 2 years it breakout and went up high
since the breakout price give huge upside but retracing back to 0.7 on fibs
we have found two similar action in past,
currently the price seem to be declining and coming back to fib 0.7, which on price chart is (0.5200 to 0.500) << BUY >>
Target of 3.400 (based on fib extension) and Stop loss of 0.2990 (below the ascending uptrend dotted black line)
NOTE:
only for investment purpose
trade only you have some confluence with my idea
initiate your trade according to your style and strategy
Let know your views and opinions in the comment
Xrp near breakout levelsAlthough the whole crypto market seems to be in a little bearish phase i think the downside has come to an end.
Btc and eth have shown storong support near 40000 and 3000 levels respectively, these levels have been tested multiple times and i think it is time for a reversal.
Xrp can show good upmove POST breakout.
This is not investment advice.
XRP _ next _ Move_The more I look at XRP price action, the more bearish it become.
If I've learnt something trading for 8 months is that things like
"look, here is support, I will stay here all week for all to see, traps.
this is only for education. i analysis the elliott wave and fib..
i my guess XRP will hit 04. or 03 in coming days..
RIPPLE- TRIANGLE PATTERN BREAKOUTWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
MY TRIGER FOR XRP COIN + TECHNICAL ANALYSIS 💲💲💲My Triger For XEP COIN !! BINANCE:XRPUSDT
✅ Technical analysis
✅ up trend
✅ Triger area
✅ Target AREA whit yours Risk management
✅ Stop Lose area
✅ Broken triger Resistance
✅ HL Buyers whit RSI
⚠️ Save to watch list and cheak the triger area before you take the risk ( volume its very important)
⚠️control yours Risk management
🙏it's only my idea and its not for Recommendation for any action
🔞INSTA #max_gelmel THANKS TO MY FOLLOWERS ;)
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