XRP/USD - Buy Opportunity
업데이트됨
Hello traders,
Here we have XRP/USD on the 1H chart.
XRP/USD has had a correction move, after a long term upside rally, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the downside correction, it appears XRP/USD is ready for a new up move. Since price has hit a strong structure support , there has been signals of downtrend slowing and reversal candlesticks showing bears are losing steam. The candlesticks are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom. If so, this can be a great launch pad to consider buying XRP/USD to the upside . I am watching XRP/USD closely, and won't hesitate to make a buy if it sets up properly.
I am expecting an up move up to begin, to reach target of at least 1.2520. If price successfully breaks side-wards support at 0.9950, price could extend further to the highs. If price does not succeed in breaking the sidewards resistance, then price could retest the horizontal support zone at 0.8810 before another bounce and a move to the highs at a later stage. If the second alternative plays out, I will be updating this analysis accordingly.
In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.
I will be updating this analysis if it exceeds 40 likes.
Here we have XRP/USD on the 1H chart.
XRP/USD has had a correction move, after a long term upside rally, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the downside correction, it appears XRP/USD is ready for a new up move. Since price has hit a strong structure support , there has been signals of downtrend slowing and reversal candlesticks showing bears are losing steam. The candlesticks are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom. If so, this can be a great launch pad to consider buying XRP/USD to the upside . I am watching XRP/USD closely, and won't hesitate to make a buy if it sets up properly.
I am expecting an up move up to begin, to reach target of at least 1.2520. If price successfully breaks side-wards support at 0.9950, price could extend further to the highs. If price does not succeed in breaking the sidewards resistance, then price could retest the horizontal support zone at 0.8810 before another bounce and a move to the highs at a later stage. If the second alternative plays out, I will be updating this analysis accordingly.
In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.
I will be updating this analysis if it exceeds 40 likes.
노트
I have published a brand new BTC/USDT idea on my TradingView page just now!Feel free to take a look at my updated BTC/USDT analysis!
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I will be posting my realtime buy signal for XRP/USD, if my latest USD/CHF idea post analysis achieves more than 20 likes!I want to make sure there's a lot of traffic on the site before I post the realtime update. :)
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Check out my latest TradingView idea post on LTC/USD!노트
Brand new analysis posted on ETH/USD on my TradingView! Check out my TradingView profile to see more!
거래청산: 타겟 닿음
Target was reached for XRP/USD as per my above analysis.Price hit my target zone at 1.2570 at the early hours of the morning and profits were taken. I will be watching for a new potential long opportunity in the near future.
Well done to anyone who caught this move in Ripple, it turned out to be very profitable.
노트
I will be updating this analysis in realtime when my brand new AUD/CHF analysis posted on my TradingView receives more likes !! I want to make sure there's a lot of traffic online to see my latest BTC/USD update!!
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Brand new ETH/USD idea just published on my TradingView! Check out my TradingView profile for my latest thoughts on Ethereum!
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Fresh analysis posted on my TradingView profile focussing on IOT/USDCheck it out now!
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