Hello Future Millionaires!
We can see that XRP has printed a descending triangle on the daily. On this chart, I'm doing some technical analysis for a short setup! I will also be posting some TA for a long setup should the bulls win!
Currently, we see strong horizontal support which has confluence with the yellow 21EMA and the 0.5 Fibonacci.
Should we get a close below support, I suspect there is a strong chance we'll come down to the 0.618 Fibonacci and a decent chance we'll come all the way down to the 0.768 Fibonacci. Targets have confluence with EMAs on multiple time frames as well as horizontal support/resistance!
Follow us now for regular TA on XRP throughout the bull run!
Let's get this crypto!
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
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Entry: 0.5529
Entry Zone: 0.5703 - 0.54
T1: 0.536
T2: 0.526
T3: 0.516
T4: 0.500
T5: 0.480
T6: 0.4680
Stop: 0.5813
--
R:R: 2.99
Risk: 5.14%
Reward: 15.36%
Leverage: 6X
Leveraged Risk: 30.84%
Leveraged Reward: 92.16%
Risk Assessment: MEDIUM
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade or investment!
We can see that XRP has printed a descending triangle on the daily. On this chart, I'm doing some technical analysis for a short setup! I will also be posting some TA for a long setup should the bulls win!
Currently, we see strong horizontal support which has confluence with the yellow 21EMA and the 0.5 Fibonacci.
Should we get a close below support, I suspect there is a strong chance we'll come down to the 0.618 Fibonacci and a decent chance we'll come all the way down to the 0.768 Fibonacci. Targets have confluence with EMAs on multiple time frames as well as horizontal support/resistance!
Follow us now for regular TA on XRP throughout the bull run!
Let's get this crypto!
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Entry: 0.5529
Entry Zone: 0.5703 - 0.54
T1: 0.536
T2: 0.526
T3: 0.516
T4: 0.500
T5: 0.480
T6: 0.4680
Stop: 0.5813
--
R:R: 2.99
Risk: 5.14%
Reward: 15.36%
Leverage: 6X
Leveraged Risk: 30.84%
Leveraged Reward: 92.16%
Risk Assessment: MEDIUM
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade or investment!
تعليق:
All profit targets achieved!
T1: 0.536 - HIT!!! (18.34% gain)
T2: 0.526 - HIT!!! (29.19% gain)
T3: 0.516 - HIT!!! (40.04% gain)
T4: 0.500 - HIT!!! (57.41% gain)
T5: 0.480 - HIT!!! (79.11% gain)
T6: 0.468 - HIT!!! (92.13% gain)
Follow us now for regular updates on the hottest cryptos!
T1: 0.536 - HIT!!! (18.34% gain)
T2: 0.526 - HIT!!! (29.19% gain)
T3: 0.516 - HIT!!! (40.04% gain)
T4: 0.500 - HIT!!! (57.41% gain)
T5: 0.480 - HIT!!! (79.11% gain)
T6: 0.468 - HIT!!! (92.13% gain)
Follow us now for regular updates on the hottest cryptos!
التحليلات ذات الصلة
T1: 0.536 - HIT!!! (18.34% gain)
T2: 0.526 - HIT!!! (29.19% gain)
T3: 0.516 - HIT!!! (40.04% gain)
T4: 0.500 - HIT!!! (57.41% gain)
Let's get this crypto!