Dear All,
I am sharing my personal prospective analysis for XRP/USDT on the long term run which are so difficult nowadays specially after the Case with SEC and other factors that made the coin risky to invest in the long run since ATH of $1.5
According to my analysis along with the indicators mentioned below and elaborated as well on the chart i could say that we might see new price channel of XRP.
As predicted in the last trend according to the candles formed in the chart pattern created an ascending triangle which has been broken upside indicating a bullish upward trend. However, XRP here needs more volumes to start rising toward ATH since last month. (attaching below the previous chart for created triangle and price heading channel after breakage with percentage level).
January 06, 2021 - Time: 10:37:33 (+4 Time zone)
January 07, 2021 - Time: 19:22:42 (+4 Time zone)
Currently, upon reviewing XRP/USDT chart I have predict another bull run using multiple parameter or indicators.
A) Created Ascending Triangle once again (Marked green in the chart): If the triangle has been broken upside i might expect an (57.91%) rise in the price from the last candle broken upward.
B) Using Fibonacci Retracement tool to indicate price heading ranges elaborated in the chart on the following levels
1) @0.00 ~ $0.17351
2) @0.236 ~ $0.22354
3) @0.382 ~ $0.25449
4) @0.50 ~ $0.27951
5) @0.618 ~ $0.30452
6) @0.786 ~ $0.34013
7) @1.00 ~ $0.38550
8) @1.618 ~ $0.51651
9) @2.618 ~ $0.72850
Conclusion: The price are currently predicted that its heading toward first target range between Fib. Retrac. Levels of @0.618 - @0.786 ($0.30452 - $0.34013) and once reached we need to monitor the price heading the 2nd target @1.00 Fib. Level ($0.38550) were we initially would monitor the candle closes over that price level as confirmation for the next target and once broken the price will be heading all the way to Fib Retrac. level @1.618 priced ($0.51651). Lastly heading over to @2.618 Fib. Retrac. are way difficult do you the situation of case issued against Ripple were it impact multiple XRP Crypto exchanges as well as the XRP investors in the US. So continuing of rally between @1.618 - 2.618 are risky and dependant on yourself decision maker based on your own analysis.
C) Using Oscillators such as Moving Averages ( EMA & SMA ) on different long timeframe:
MA Indicators on 8-Hr Normal Candles:
1) EMA 5 Crossed Over SMA 20 &
2) SMA 20 Crossed over SMA 50 &
MA Indicators on 4-Hr Normal Candles:
3) SMA 50 Crossed Over SMA 100
4) SMA 100 Crossed over SMA 50 & SMA 20
MA Indicators on 2-Hr Normal Candles:
5) SMA 200 Crossed over SMA 100
D) Looking closer to the previous bear rally and current expected rally i have taken chart bars pattern starting from (17-Dec-2020 until 25-Dec-2020) and i think the expected move for the candles are somewhat the same when i flip them over 180 degree (Represented in the chart by green candles with low opacity).
E) According to the previously formed candle and expected virtual bars patterns might occur in the same chart we might see an ( Double Bottom pattern) which means a strong signal for bullish rally and we need to confirm this using other indicators.
In Summary we might see price heading initial maximum price range toward Fib. Retrac. Level @0.618-0.786 ($0.30452 - $0.34013) and trend will move to a bearish zone that will reverse maximum price range toward Fib. Retrac. Level @0.50 - 0.618 between ($0.279519 - $0.30452) marked that will be entry point for bull run toward Fib. Retrac. Level @1.00-1.618 ($0.38550 - $0.51651) that once breakout will create New ATH at = and then keep watching other indicators e.g. ( Volume , MA, RSI ) to confirm price movement toward next bull run targets Fib. Retrac. Level @1.618 ($0.51651) and next target Fib. Retrace. @2.618 ($0.72850)
Trade Safe, ensure you've your own study and targets before you jumped in.
N.B. This is not a financial advise. Be careful the movements of XRP are dependant on the BTC and ETH in terms of dumping so you can watch them parallel as well as it might reverse the whole idea. Personally with XRP/USDT short time frame trading are good but very very risky were I don't advise normal traders as you need to act quickly (expert) as responds to the short term trade. The best choice so ensure you enter on lowest price range on bearish zone as that would be only long term investment in such coin. When the price is in the bull run set your personal target for Sell according to your study. Remember once you enter don't forget the Stop-loss just in case any negative news happened.
Wish you all the best.
I am sharing my personal prospective analysis for XRP/USDT on the long term run which are so difficult nowadays specially after the Case with SEC and other factors that made the coin risky to invest in the long run since ATH of $1.5
According to my analysis along with the indicators mentioned below and elaborated as well on the chart i could say that we might see new price channel of XRP.
As predicted in the last trend according to the candles formed in the chart pattern created an ascending triangle which has been broken upside indicating a bullish upward trend. However, XRP here needs more volumes to start rising toward ATH since last month. (attaching below the previous chart for created triangle and price heading channel after breakage with percentage level).
Currently, upon reviewing XRP/USDT chart I have predict another bull run using multiple parameter or indicators.
A) Created Ascending Triangle once again (Marked green in the chart): If the triangle has been broken upside i might expect an (57.91%) rise in the price from the last candle broken upward.
B) Using Fibonacci Retracement tool to indicate price heading ranges elaborated in the chart on the following levels
1) @0.00 ~ $0.17351
2) @0.236 ~ $0.22354
3) @0.382 ~ $0.25449
4) @0.50 ~ $0.27951
5) @0.618 ~ $0.30452
6) @0.786 ~ $0.34013
7) @1.00 ~ $0.38550
8) @1.618 ~ $0.51651
9) @2.618 ~ $0.72850
Conclusion: The price are currently predicted that its heading toward first target range between Fib. Retrac. Levels of @0.618 - @0.786 ($0.30452 - $0.34013) and once reached we need to monitor the price heading the 2nd target @1.00 Fib. Level ($0.38550) were we initially would monitor the candle closes over that price level as confirmation for the next target and once broken the price will be heading all the way to Fib Retrac. level @1.618 priced ($0.51651). Lastly heading over to @2.618 Fib. Retrac. are way difficult do you the situation of case issued against Ripple were it impact multiple XRP Crypto exchanges as well as the XRP investors in the US. So continuing of rally between @1.618 - 2.618 are risky and dependant on yourself decision maker based on your own analysis.
C) Using Oscillators such as Moving Averages ( EMA & SMA ) on different long timeframe:
MA Indicators on 8-Hr Normal Candles:
1) EMA 5 Crossed Over SMA 20 &
2) SMA 20 Crossed over SMA 50 &
MA Indicators on 4-Hr Normal Candles:
3) SMA 50 Crossed Over SMA 100
4) SMA 100 Crossed over SMA 50 & SMA 20
MA Indicators on 2-Hr Normal Candles:
5) SMA 200 Crossed over SMA 100
D) Looking closer to the previous bear rally and current expected rally i have taken chart bars pattern starting from (17-Dec-2020 until 25-Dec-2020) and i think the expected move for the candles are somewhat the same when i flip them over 180 degree (Represented in the chart by green candles with low opacity).
E) According to the previously formed candle and expected virtual bars patterns might occur in the same chart we might see an ( Double Bottom pattern) which means a strong signal for bullish rally and we need to confirm this using other indicators.
In Summary we might see price heading initial maximum price range toward Fib. Retrac. Level @0.618-0.786 ($0.30452 - $0.34013) and trend will move to a bearish zone that will reverse maximum price range toward Fib. Retrac. Level @0.50 - 0.618 between ($0.279519 - $0.30452) marked that will be entry point for bull run toward Fib. Retrac. Level @1.00-1.618 ($0.38550 - $0.51651) that once breakout will create New ATH at = and then keep watching other indicators e.g. ( Volume , MA, RSI ) to confirm price movement toward next bull run targets Fib. Retrac. Level @1.618 ($0.51651) and next target Fib. Retrace. @2.618 ($0.72850)
Trade Safe, ensure you've your own study and targets before you jumped in.
N.B. This is not a financial advise. Be careful the movements of XRP are dependant on the BTC and ETH in terms of dumping so you can watch them parallel as well as it might reverse the whole idea. Personally with XRP/USDT short time frame trading are good but very very risky were I don't advise normal traders as you need to act quickly (expert) as responds to the short term trade. The best choice so ensure you enter on lowest price range on bearish zone as that would be only long term investment in such coin. When the price is in the bull run set your personal target for Sell according to your study. Remember once you enter don't forget the Stop-loss just in case any negative news happened.
Wish you all the best.
Trade closed: target reached:
Hello All,
As latest update released, the target reached in JANUARY 30, 2021 at the expected price level (marked by green arrow) from breakout which gains (20%) and goes beyond toward higher levels making total gain from breakout almost (120%).
Hello All,
As latest update released, the target reached in JANUARY 30, 2021 at the expected price level (marked by green arrow) from breakout which gains (20%) and goes beyond toward higher levels making total gain from breakout almost (120%).
Comment:
Hello All,
As latest update released, the target reached in JANUARY 30, 2021 at the expected price level (marked by green arrow) from breakout which gains (20%) and goes beyond toward higher levels making total gain from breakout almost (120%).
Gladly that support line wasn't broken and yet it was strong to reverse the pattern since body of candle at day 27th Jan 2021 hit it and reversed bullish and its on the way to $0.755 reaching there slowly and healthy.
Remember do you TA and trade safe.
Hello All,
As latest update released, the target reached in JANUARY 30, 2021 at the expected price level (marked by green arrow) from breakout which gains (20%) and goes beyond toward higher levels making total gain from breakout almost (120%).
Gladly that support line wasn't broken and yet it was strong to reverse the pattern since body of candle at day 27th Jan 2021 hit it and reversed bullish and its on the way to $0.755 reaching there slowly and healthy.
Remember do you TA and trade safe.
Here we can see another ascending triangle formed on daily time frame which should break anytime between 1-3 days maybe but most important this breakage could make you gain at a minimum 20% and it might go higher.
We might face another bearish followed by another pump, its all depending on BTC movements. Most important trade safe.