Technical analysis: .RIPPLE/USD is in a down trend But beginning of Up trend is expected. .In D1-chart and H4-chart the downtrend was broken and "Bullish Exit" is occurred. .Price is In the Bollinger Bands buy zone and below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. .The D1-RSI is around 37 and above a support level 30. In D1-RSI and H4-RSI the downtrend was broken.
Trading suggestion: There is possibility of temporary retracement to suggested support zone (0.67 to 0.32), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.67) Ending of entry zone (0.32)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
TP1 HIT!! Trading suggestion: We have already opened Buy trades, based on Price Action, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
Midterm forecast: .There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.067 would begin in Midterm. .Price may also reach 0.067, if price reaches this level again, we may enter by Daily-Trading-Opportunities (Price Action). .We will close our open trades at the Entry point.
Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 47.
Hello ForecastCity!
Please tell me why you deleted a lot of recent ideas (about VEN, QSP, XMR, GNT and so on) without any updates and explanation? Now you have bad reputation.
MarinaFedorova
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Please sorry. There were some problems with tradingview. Now I see this ideas.
ForecastCity
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@MarinaFedorova, No one can delete ideas after they are published, according to House Rules.