Hey followers and other TradingView users!
If You read and enjoyed my idea, destroy the "LIKE" button!
Ripple is ready to make a move. There are two reasons for that:
1. The price has drawn the triangle since the end of 2018. The triangle pattern shows us that: be ready something start to happen! The price gets smashed together into the triangle tip and it will be ready to explode.
2. Recently the top altcoins are made some rallys upwards but not XRP', it has been accumulation phase for a while.
So, a breakout upwards from the triangle will release the buyers volume and it will explode upwards. Why do I think it will explode? The major reason is the resistance areas above the triangle, IF the BTC and the whole market makes another move upwards then XRP' could break all the resistances above the triangle pretty fastly - resistance area $0.037-39 (~6%). So watch closely BTC breakouts and watch closely for a candle close (at least 4H) above the XRP triangle and be ready!! If the breakout occurs then the price is above the both important EMA's and it would be a supportive criterion.
A bearish close below the triangle will release the sell volume. The price gets a close below the triangle trendline and below the important EMA's + there is a bearish pattern called Head & Shoulders to support this move to the $0.034 to $0.0326.
SUMMARY: Wait for a breakout from the triangle, You get a confirmation after a 4H candle close and watch closely what BTC' do, it will be also a confirmation if it breaks some important levels!
Please, don't forget to DESTROY THE LIKE BUTTON :)
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
If You read and enjoyed my idea, destroy the "LIKE" button!
Ripple is ready to make a move. There are two reasons for that:
1. The price has drawn the triangle since the end of 2018. The triangle pattern shows us that: be ready something start to happen! The price gets smashed together into the triangle tip and it will be ready to explode.
2. Recently the top altcoins are made some rallys upwards but not XRP', it has been accumulation phase for a while.
So, a breakout upwards from the triangle will release the buyers volume and it will explode upwards. Why do I think it will explode? The major reason is the resistance areas above the triangle, IF the BTC and the whole market makes another move upwards then XRP' could break all the resistances above the triangle pretty fastly - resistance area $0.037-39 (~6%). So watch closely BTC breakouts and watch closely for a candle close (at least 4H) above the XRP triangle and be ready!! If the breakout occurs then the price is above the both important EMA's and it would be a supportive criterion.
A bearish close below the triangle will release the sell volume. The price gets a close below the triangle trendline and below the important EMA's + there is a bearish pattern called Head & Shoulders to support this move to the $0.034 to $0.0326.
SUMMARY: Wait for a breakout from the triangle, You get a confirmation after a 4H candle close and watch closely what BTC' do, it will be also a confirmation if it breaks some important levels!
Please, don't forget to DESTROY THE LIKE BUTTON :)
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment:
Be ready, it already approaching the triangle upper trendline:
Smash the "LIKE" button!
Comment:
A perfect 4H candle close confirmation would be on or above the blue line. Then we have a breakout from the triangle and we have made new short-term higher high close!
Cheers!
Kill the "LIKE" button ;)
Kill the "LIKE" button ;)
Comment:
Here is the new BTC idea post, please do not forget to support my work and KILL the "LIKE" button ;)
Cheers!
Comment:
Actually we have a tiny breakout from the triangle on the 4H chart but we need just a little push from the whole market to push XRP to the bull run!
BTC makes some strange moves, do the $4k level hold us or not, let's see the trough may come soon!
BTC makes some strange moves, do the $4k level hold us or not, let's see the trough may come soon!
