Trade Recommendation: Ripple | Hacked: Hacking Finance
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Analysis

Trade Recommendation: Ripple

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Trade Recommendation: Ripple

Introduction

This article was posted on Thursday, 10:06, UTC.

The price moves in a horizontal channel formed by 0.15000 and 0.20000 levels. The market is near the bottom border of this channel. If we look at the 4H chart, we can see that the price bounced from the support level. RSI and a bearish divergence confirm a price reversal. We must be ready to catch a new upward movement. Pending orders for buy should be placed above 0.16200 level. Stop orders must be placed below the support level. Profit targets are at 0.18000 and 0.20000 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Buy: 0.16200
Stop: 0.14700
Profit Targets: 0.18000 and 0.20000

The trading signal is based on Poloniex chart.

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Comments
  • user

    AUTHOR funkyronster

    Posted on 10:10 am August 17, 2017.

    What on earth does this mean?

    “Pending orders for buy should be placed above 0.16200 level.”

    The current price is below that.

    • user

      AUTHOR ketler

      Posted on 10:52 am August 17, 2017.

      Hey there, you’re waiting for the up leg confirmation. That is why the buy level is on 0.16200

  • user

    AUTHOR tadej

    Posted on 10:35 am August 17, 2017.

    What is the time frame on this trade? When do you expect to reach .18 or .20.
    Thanks

  • View Comments (3) ...
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