XRP/USD is currently trading at 2.19400 on the 4-hour timeframe. Price action has recently broken above a key consolidation range but is now pulling back to retest the breakout zone. If support between 2.18880 and 2.08373 holds, XRP could initiate a strong bullish rally towards the upside targets marked on the chart: 2.29387 (first resistance) 2.40995 (next resistance) 2.51803 (major target) The scenario expects a minor dip toward support before a bullish continuation toward the projected levels. Key Support Zones: 2.18880 2.08373 Key Resistance Levels: 2.29387 2.40995 2.51803 Idea: Traders should monitor price action closely around the retest zone. A strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets.
Refer to previous analysis!!! Market is at the Daily gap currently but the daily gap might not hold and we could see it drop to the weekly gap where it is highly to turn around and could go all the way to 3500 area again
//@version=5 indicator('GainzAlgo Pro', overlay=true, max_labels_count=500) candle_stability_index_param = input.float(0.5, 'Candle Stability Index', 0, 1, step=0.1, group='Technical', tooltip='Candle Stability Index measures the ratio between the body and the wicks of a candle. Higher - more stable.') rsi_index_param = input.int(50, 'RSI Index', 0, 100, group='Technical', tooltip='RSI Index measures how overbought/oversold is the market. Higher - more overbought/oversold.') candle_delta_length_param = input.int(5, 'Candle Delta Length', 3, group='Technical', tooltip='Candle Delta Length measures the period over how many candles the price increased/decreased. Higher - longer period.') disable_repeating_signals_param = input.bool(true, 'Disable Repeating Signals', group='Technical', tooltip='Removes repeating signals. Useful for removing clusters of signals and general clarity') GREEN = color.rgb(29, 255, 40) RED = color.rgb(255, 0, 0) TRANSPARENT = color.rgb(0, 0, 0, 100) label_size = input.string('normal', 'Label Size', options= , group='Cosmetic') label_style = input.string('text bubble', 'Label Style', , group='Cosmetic') buy_label_color = input(GREEN, 'BUY Label Color', inline='Highlight', group='Cosmetic') sell_label_color = input(RED, 'SELL Label Color', inline='Highlight', group='Cosmetic') label_text_color = input(color.white, 'Label Text Color', inline='Highlight', group='Cosmetic') stable_candle = math.abs(close - open) / ta.tr > candle_stability_index_param rsi = ta.rsi(close, 14) bullish_engulfing = close < open and close > open and close > open rsi_below = rsi < rsi_index_param decrease_over = close < close bull = bullish_engulfing and stable_candle and rsi_below and decrease_over and barstate.isconfirmed bearish_engulfing = close > open and close < open and close < open rsi_above = rsi > 100 - rsi_index_param increase_over = close > close bear = bearish_engulfing and stable_candle and rsi_above and increase_over and barstate.isconfirmed var last_signal = '' if bull and (disable_repeating_signals_param ? (last_signal != 'buy' ? true : na) : true) if label_style == 'text bubble' label.new(bull ? bar_index : na, low, 'BUY', color=buy_label_color, style=label.style_label_up, textcolor=label_text_color, size=label_size) else if label_style == 'triangle' label.new(bull ? bar_index : na, low, 'BUY', yloc=yloc.belowbar, color=buy_label_color, style=label.style_triangleup, textcolor=TRANSPARENT, size=label_size) else if label_style == 'arrow' label.new(bull ? bar_index : na, low, 'BUY', yloc=yloc.belowbar, color=buy_label_color, style=label.style_arrowup, textcolor=TRANSPARENT, size=label_size) last_signal := 'buy' if bear and (disable_repeating_signals_param ? (last_signal != 'sell' ? true : na) : true) if label_style == 'text bubble' label.new(bear ? bar_index : na, high, 'SELL', color=sell_label_color, style=label.style_label_down, textcolor=label_text_color, size=label_size) else if label_style == 'triangle' label.new(bear ? bar_index : na, high, 'SELL', yloc=yloc.abovebar, color=sell_label_color, style=label.style_triangledown, textcolor=TRANSPARENT, size=label_size) else if label_style == 'arrow' label.new(bear ? bar_index : na, high, 'SELL', yloc=yloc.abovebar, color=sell_label_color, style=label.style_arrowdown, textcolor=TRANSPARENT, size=label_size) last_signal := 'sell' alertcondition(bull, 'BUY Signals', 'New signal: BUY') alertcondition(bear, 'SELL Signals', 'New signal: SELL')
2ND BASE FORMING. BIGGER MOVING ABOVE 142.60 for the next 4 fours
(SOL/USDT) is currently trading near 148.81 on the 2-hour timeframe. The price has been respecting an ascending channel structure for the past several days. However, bearish pressure is starting to build as the price struggles to maintain momentum near the channel resistance. A potential break below the channel support could trigger a sharp bearish move, with downside targets around the 110.00 level. The projected path is marked with black lines showing the expected price breakdown scenario. Resistance around 156.30 remains critical; as long as SOL trades below this level, the bearish breakdown remains in focus. Key Support Zone: 110.00 (Major Target) Key Resistance Level: 156.30 Idea: If price breaks and closes below the rising channel support, a significant sell-off could follow. Traders should watch for a confirmed breakdown before entering short positions.
Wouldn't that be a sight ? i have some reasons to believe for entering the bear season but this looks nice
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Here is an idea ? I just think the pair is set to push Lower... Because the pair then went and made a Choch and meaning that we are moving from bullish pattern to bearish pattern Anything could invalidate my set up So use proper risk management Let's do the most
Here is an idea ? I just think the pair is set to push higher... Because the pair then went and made a Choch and meaning that we are moving from bearish pattern to bullish pattern Anything could invalidate my set up So use proper risk management Let's do the most