#XRP : Targeting 1$ in the Near Future. Expecting at least 35%.
XRP have been in a good position and a healthy market phase compared to the overall crypto market. For now we can witness that a beautiful cup & handle pattern already formed and is finishing its current phase preparing for a breakout. If things keep the same as it is, there will be a high probability to see Ripple making some good North side moves.
Besides the formation of the pattern: -- We can witness a bullish divergence with the RSI and MACD.
- Stochastic showing an oversold behavior and seems sellers are being knocked out as we speak.
- MACD and RSI are still showing an uptrend momentum and that there is a space for growth in the near future.
- The handle on the 1D chart is already forming a bullish falling wedge on lower time frames and a break out will confluence the 1D chart.
- Ichimoku Cloud is providing a good support at current price level.
- Next strong resistance area will be in between $0.71 - $0.73 and these areas will be much more interesting to follow.
- If the neckline can be broken at any point of time we sure can wait for a successful retest and that will be our entry for a confirmed move towards the $1 price tag.
- Will be updating about the fundamentals soon too and a closer watch to this formation for sure will repay the patience.
- Stop loss will be considered to be at the price level where a failure of the retest occur. By this depeding on ones trading strategy putting the stop anywhere below the neckline will be a wise move.
Keep spreading the knowledge and +ve energy. Let you be peace in every single steps of your life. Stay tuned for more.
@ cryptotalket
Besides the formation of the pattern: -- We can witness a bullish divergence with the RSI and MACD.
- Stochastic showing an oversold behavior and seems sellers are being knocked out as we speak.
- MACD and RSI are still showing an uptrend momentum and that there is a space for growth in the near future.
- The handle on the 1D chart is already forming a bullish falling wedge on lower time frames and a break out will confluence the 1D chart.
- Ichimoku Cloud is providing a good support at current price level.
- Next strong resistance area will be in between $0.71 - $0.73 and these areas will be much more interesting to follow.
- If the neckline can be broken at any point of time we sure can wait for a successful retest and that will be our entry for a confirmed move towards the $1 price tag.
- Will be updating about the fundamentals soon too and a closer watch to this formation for sure will repay the patience.
- Stop loss will be considered to be at the price level where a failure of the retest occur. By this depeding on ones trading strategy putting the stop anywhere below the neckline will be a wise move.
Keep spreading the knowledge and +ve energy. Let you be peace in every single steps of your life. Stay tuned for more.
@ cryptotalket
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