Feel free to hit like now, if you want to, so we can get started with our analysis... THANKS A LOT FOR THE SUPPORT.
Ripple (XRPH19) Analysis by Alan Masters
- A peak was reached on the 24th December 2018, it has been declining since. I drew a red dashed line to mark this .
- The first thing we want to see Ripple (XRPH19) do to confirm a strong move to the upside, is to break this . But there are a few things to look at before that... Let's get to it.
- Both the and printed hidden , I marked these blue dashed lines on the chart. This is followed by a bounce and break/challenge above EMA10.
- "Break above EMA10". We are looking at the daily time frame and this candle hasn't closed yet. So this signal is only confirmed when the candle closes above EMA10. This is a signal and set us up for additional potential.
- The red dashed right now is also matching EMA50, so strong resistance here.
These are just a few signals to support my bias. I am on Ripple, I believe it has the potential to move up strong in the coming months of 2019.
My view: I am not seeing much more sideways consolidation, XRPH19 can break up soon. We will see how it goes.
Conditions for change: The charts change each time a candle closes, so my analysis now can be quite different in a few days since action is always happening and the charts are always evolving, they are always printing change.
In the case that XRPH19 moves down and closes below 0.00007920, this would mean to me that the above analysis has been fully invalidated. Just a close below EMA10 switches the potential from to . A close below the level above can mean that additional action is to come, or simply a retest of the low before really moving up... Whichever goes, a new analysis is needed if the candle closes below.
I can do a trade here for Ripple (XRPH19), but I am thinking more longer term, lower leverage looking for higher targets... Are you interested? Make sure to hit LIKE to let me know.
Thanks a lot for reading.
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