Priceline of XRP / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.28897 to 0.28467
Sell between: 0.29235 to 0.30048
Atif Akbar (moon333)
Ripple is trying to get back in the Trading Range. Even if it manages to do so, this weak structure indicates that it will continue its downtrend after taking a visit to the previous swing high and hunting the stops above it. That visit, is our initiation.
Please let me know if you have any suggestions or...
Monfex is at your service and today we overview XRP/USD.
What do you expect from Ripple?
Curent price ~$0.257
It is moving in the falling wedge and now near support - buy - accumulation zone. Also XRP has by Stoch RSI two bullish div and going to leave the oversold zone. So we have asume that soon will be good positive movement on this chart!
On short term 1 hr chart after forming a bullish Shark pattern priceline of XRP / US Dollar is forming bullish BAT, sofar all legs are driven as required for BAT therefore I am expecting the last leg will be retraced from 0.786 to 0.886 fibonacci and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of...
In my previous chart:
the priceline of XRP / US Dollar cryptocurrency formed the bullish BAT but neither the MACD turned weak bearish nor stochastic gave any bull cross to give us any buying signal and eventually price action broke down the PRZ area and now...
Priceline of XRP / US Dollar cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull...
With the formation of bullish gartley pattern which I have published in my previous below idea:
The price action was also forming another bearish harmonic gartley pattern and now it is entered in potential reversal zone to hit the targets soon insha Allah.
After successful completion of a bullish gartley pattern priceline of XRP / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
Volume profile of complete pattern is showing less interest of traders at this area.
But stochastic is strong bearish and has given bear cross moreover...
Current price of XRP is quite good to hold in long-term. But there is a super strong support at 0.28$, if this level can't hold XRP, XRP will die
Buy : Close to 0.28-0.29$ as possible
Sell : 0.31-0.345-0.37-0.42$
Mid-Hold : 0.5$
Stop : Under 0.28$
The priceline of XRP /U.S DOLLAR has formed a bullish shark pattern and entered in potential reversal zone.
From here it can hit the sell targets soon insha Allah.
The MACD is also turned bullish.
I have defined the targets using Fibonacci sequence as below:
Buy between: 0.30493 to 0.25690
Sell between: 0.35358 to 0.45584
The priceline has completed the shark pattern and entered in potential reversal zone.
We already have a 2nd pivot support within PRZ area from here the price action will take bullish divergence insha Allah.
The stochastic is in oversold zone 1st time after feb 2019.
The targets are:
Buy between: $0.3049 to $0.25697
Sell between: $0.35363 to...