Ripple - How To Trade

BITSTAMP:XRPUSD   Ripple幣 / 美元
In my previous analysis of XRPUSD (Posted in twitter) I mentioned Bearish Divergence is forming and might take the price downwards. So it did. This is a great opportunity to seek for a break out or zones where the price is going to reverse from.
Ideal reversal zones would be close to the support & resistance levels of the former channel before the price broke upwards. These levels should be tested and entries should be opened if the trend is reversed from these zones.. If the price won't hold either of these, then it's important to wait until the market is giving a new trading opportunity and let the market calm down.
Breaking downtrend line is also giving us a new trading opportunity. Be careful while trading and remember to use stop-loss orders.
Do not trade falling knives or if you unsure about when to enter. Stay safe instead losing your money on unsure trade. :)

Trading Information:
Buy: Above 2.09
Partial Profit Target: 2.3
Main profit target: 2.4
Longer term Targets: 2.8 & 3
Stop Loss: 1.7

Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.

Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.

評論: Update on XRPUSD:
Price reversed from the first zone and managed to breach downtrend line which confirmed upward movement. To move further upwards the price needs to break above swing high 2.09. Another support zone marked on the chart.
評論: Ripple gently touched support box and bounced back up. The price has to still be able to break above 2.09 to move further upwards. Also the price is forming falling wedge pattern.
Same buy target is still valid.
評論: It's important to be patience. Not to buy too early because there is always a risk that the price will go downwards and end losing money. It's important to trade by the signals and targets. Broke upwards from the falling wedge pattern but didn't quite reach above our buy target or at our buy target.
評論: In the hourly chart it is showing the rising wedge pattern and if it breaks downwards, it will be testing our support level of 2.1 (Yellow box).
If you had patience, it finally reached buy target and these targets are still valid.
Noteworthy is that bitcoin might have soon new bull run and it might affect the prices overall.
評論: Longer term targets reached quicker than expected. Congratulations who ever took this trade from the beginning till the end!
Few noteworthy things:
There are few things that are pointing that the price might reverse soon downwards and I recommend to be extra carefulness and wait for new trading opportunities. I don't trade fomos because they are risky + it's good time to practice patience.
MACD histogram is helping to determine trend changes and at the moment it is supporting the idea of trend reversal together with RSI. Note on the chart that it is forming Bearish Regular Divergence.
If the price breaks 3.04 resistance level that would indicate that the price wants to seek higher prices (Box area). Be careful while trading!
Bearish Divergence it was..

All targets reached! 100%
Free Telegram Channel for Signals & News

Public Chat Room


Over 90% performance with our trading system!
who long Bitstamp take to verify my account i cant trade :) :)
yarr burhanafridi603
@burhanafridi603, Trade binance instead ;)
Mr_AT burhanafridi603
@burhanafridi603, I had to wait more than 3 weeks :)
Great and accurate
Every times I open my computer, I check your post first :)

Great work man!
+1 回覆
yarr buicuong
@buicuong, Thank you! I appreciate your feedback :)
so still need to wait another signal, right?
+1 回覆
Thanks for sharing, well done!
yarr mzungu2017
@mzungu2017, thank you and you are welcome! :)
ya, nailed it. thanks for the continual updates here.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出