The situation is somewhat worse than average.
We have max 12-24 hours to bounce hard, or bearish trend will take power, and we will nosedive further into the accumulation phase.
Every hour passes without bounce means bulls are losing power.
I am still searching long entry points but only on certain marks and strong support or resistance areas. As now we have...
Is chart me aap dekh sakte hai humne analysis kiya hai Ripple coin ka,
Xrp kafi time se downtrend me hai chart me agar aap dekhe to parallel channel downtrend me aapko dikhayi dega,
Support line ko already hit kiya hai next target hai resistance line and sabhi target chart me bhi mention hai,
Channel ke andar hi aapko falling wedge pattern bhi...
The graph above shows you my setup for BINANCE:XRPBTC Long position.
If today's candlestick H close lower than H created on 7th of July, it would confirm the creation of LH. On the 15th of July candlestick managed to develop an HL which was validated on the next day. Therefore, we can trade a wedge formation – HL + LH.
Entry: Put a Stop Buy on...
The situation is not simple.
There may be no retrace at all or retrace will be so deep that will brake all structure and uptrend will fail.
If you are not in a position, wait till we move up from this channel.
If you are already in position care because it can retrace deeper than we all think, but if you sell now, you may miss further movement upward.
Chart is self explanatory.
We will see a pullback in BTC probably to test de $10k. XRP will test the 3000 satoshis (MAs), can get a little lower yes, but when BTC continues the fall to $9k, XRP can sky rocket to 3700 satoshis.
Open: 2900-3050 satoshis.
STOP LOSS: BTC closes above $10300 or XRP closes below 2850 satoshis on a daily candle.
Targets: 3500-3700 satoshis.
XRP has a lot of hype these days
you can find cycle patterns and everything but i don't rely on any cycles just yet.
how ever there are some divergence signs on MACD along with the daily RSI
so my TA would suggest that there are two important resistance area as shown on the chart.
first it has to be able to break the 33000 sats resistance which is a recent one,...