Crypto|XRP/BTC|LongLong XRP/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Black arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
XRPBTC trade ideas
XRPBTC - DAILYFor about 50 days we are in a falling wedge pattern , well some could argue that it isn't a perfect wedge but we mostly saw downwards pressure.
We are tryin to change that now, we are nearing the daily high and are testing resistance on the declining trend line.
If we can change the daily trend back to the bulls we might see this wedge play out.
This chart was at the absolute bottom so there is a lot of upside movement possible!
Congrats to the XRP holders and traders!
For every new follower i will add new idea :)
SUPER BULLISH!!! Breakout of a falling Wedge imminent!Hello Traders, this is Ripplayer.
XRP is getting closer to breaking the falling wedge that was created since February.
This is a very very bullish bullish pattern for XRP.
Successful Breakout will take XRPBTC above the redline 0.00000908btc and Price above 0.52cents in XRPUSD.
I will update further analysis!
Please like, subscribe and share your ideas and charts with me!
Have a good day and good trading, all the best!
DISCLAIMER!
Information provided is only educational and entertainment purposes. It should not be used to take action in the market.
💡Don't miss the great buy opportunity in XRPBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPBTC 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 54.
Take Profits:
TP1= @ 1000
TP2= @ 1200
TP3= @ 1360
TP4= @ 1570
TP5= @ 1870
TP6= @ 2220
SL= Break below S2
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Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XRPBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPBTC 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 54.
Take Profits:
TP1= @ 1000
TP2= @ 1200
TP3= @ 1360
TP4= @ 1570
TP5= @ 1870
TP6= @ 2220
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XRP: Breakout time is approachingThere is a massive bullish divergence on the weekly timeframe in the XRPBTC chart.
We can also see a quite similar fractal pattern to early 2017: Two fake outbreaks with subsequent dumps. In 2017 it was more benign that this time, but back then the timescale was also longer.
This was now amplified because of the commotion with the SEC.
But note how fascinating: Despite the SEC turmoil, XRPBTC prints a setup which is remarkably similar to the one in early 2017.
Similar double peak pattern, similar bullish divergence in the RSI.
This time however, the bullish divergence in the RSI is a lot stronger than back then.
The coil has been stretched much further this time, than back then. And a coil that is stretched too far, bears great force within, ready to explode with the utmost imaginable power!
I assume that XRPBTC will now start printing first a small green weekly candle. Then a larger one. Then an even larger one.
How high it will go and how long it will last, of course also depends strongly on BTC.
Will BTC do a 2013 or 2017 repeat? That will also determine if XRP will do one single gigantic rally, or two rallies, like back in 2017/18.
I think the conservative target for XRPUSD is 10 USD in this bullrun, this is a lower limit.
However, if BTC does a double rally, and indeed reaches prices as crazy as 200k, an upper limit for XRPUSD would be, as crazy as it sounds, 40-50 USD.
I will keep a close eye on BTC, and XRPBTC, to determine how high XRP can go this cycle.
Note: I think the entire SEC thing will have no effect whatsoever on the price action.
Maybe some short-term action, but the end price will reach these values no matter what the outcome will be.