I have analyzing XRPUSD in deep, because it is my major investment in crypto world. I am currently OFF because from my point of view it is unclear what's next. In my previous analysis I post an idea for bottom support line since ripple start growing. Today based on that line I draw another one with obvious importance for support and resistance. XRP already touch both lines several times and retrace always.
It may sound optimistic but I think it is possible that we may see some movements like this ones.
And remember: Everyone has to decide when and what a deal to do! I just write some drafts here. I do not expect to complete them at 100%. Note: Stop loss is always a must!
See my previous analysis on XRP/USD
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If ripple gets into the ichimoku cloud - this will be the first sign. If it only bounce on it and go up - then this idea can be canceled!
Trade ist aktiv
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It is just a suggestion, but I already enter it. I am long @ 1.33 with Target 1.70 - 1.75. This week bears are weak, and bulls takes a little bit stronger. Looking at weekly chart bulls eats more than 50% of bear's success. We touch .786 fib level and at the moments we are in .618 I expect to go higher @ .5 = 1.75 next week. This fib level is the top line of current trend, so there is no surprises for now.
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However my trend is not confirmed. Ripple already broke ichimoku cloud, but not touch bottom of the trend. It can be touched before going to the 1.70 level.
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It seems ripple will bounce at 1.00 before rise to 1.70. If 1 dollar support broke, we can see fall to 0.20. I plan to buy more at 1 dollar. Happy trading!
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It becomes a bit long trade here. As we can see ripple want to touch bottom before going to the top. Changed target at 1.85. Second entry at 1.05 - 1.10