This article presents an analysis of current trends and price levels for cryptocurrencies DOT, WLD, and XRP. Potential entry points for investors and trading recommendations are discussed.
DOT: Current Trends and Recommendations
Since breaking above the descending trendline, DOT has been on an upward trajectory but faced resistance near $4.26 yesterday. The price is expected to pull back to test support, providing an opportunity for investors to enter long positions.
Entry range: $3.8–$3.9. Expected take profit at $4.25, $4.6, and $5. Set stop-loss below the previous low at $3.79.
WLD: Investment Opportunities
WLD has recently risen with the broader market, breaking above the descending trendline on the 1-hour chart. If the price pulls back to test support, it presents a buying opportunity.
Currently at $1.12, investors can enter at market price or wait for a dip to around $1.09. Take profits at $1.15, $1.2, and $1.3. Set stop-loss below $1.07.
XRP: Perspectives and Entry Levels
XRP has recently broken above a descending channel and previous high resistance but faced resistance at $3.1 yesterday. From a pattern perspective, the price has reached a stage target, and a short-term correction is expected, offering a chance to enter long positions.
Entry at approximately the 0.707 Fibonacci level, around $2.65–$2.66. Alternatively, wait for a pullback to the high-volume trading zone at $2.35–$2.43, between the 0.5 and 0.618 Fibonacci levels. Take profits at $3.1, $3.39, and $4, with partial profit-taking advised before $3.4. Set stop-loss between $2.25 and $2.5.
The analysis of the prices for DOT, WLD, and XRP shows promising entry points for investors. The current market conditions provide various trading opportunities, but it is important to consider levels of resistance and support.
