XRPUSD LONG, 4 HOUR CHART

13 de mai. de 2021IDEAS ON THE MARKET FOR THE FOLLOWING 30 DAYS

TARGET: 2.99098

ON THE 4 HOURLY CHART WE CAN SEE A HEAD AND SHOULDER FORMATION, THIS IS WHAT I SEE

-PRICE MAY FIND A STABLE LEVEL ON OUR YELLOW TREND LINE : IF PRICE STAYS ABOVE THIS LEVEL, WILL THINK ABOUT ENTERING A BUY AFTER BREAKING PARALLEL CHANNEL .
POSSIBLE PARAMETERS:
-ENTRY: 1.30700
-STOP LOSS: 1.25000
-TP 1: 1.37935
-TP 2: 1.45017
-TP 3 (RUNNER) 1.71216 (27 MAY, ESTIMATED DATE)

-PRICE MAY BREAK YELLOW TREND LINE AND FIND A SUPPORT LEVEL ON GREEN TREND LINE : IF PRICE FINDS A STABLE LEVEL ON GREEN TREND LINE , WILL THINK ABOUT ENTERING A BUY.
POSSIBLE PARAMETERS:
-ENTRY : 1.04000
-STOP LOSS: 1.0000
-TP 1: 1.37935
-TP 2: 1.45017
-TP 3 (RUNNER) 1.71216 (27 MAY, ESTIMATED DATE)

AFTER REACHING 1.71216, PRICE MAY RETEST THE AREA, MIGHT ENTER A BUY AFTER RETEST WITH THE FOLLOWING PARAMETERS
-ENTRY: 1.71216
-STOP LOSS: 1.65000
-TP 1: 2.20000
-TP 2: 2.60426
-TP 3: 2.99098

THIS IS NOT AN ADVISE TO SELL, BUY OR HOLD IN THE MARKET