XRP has been in a descending triangle for the entirety of 2018 and 2019, one where we are rapidly approaching the apex and the potential for a big move.
The argument for a big break upward towards $1:
At Swell, Ripple confirmed it now has over 300 customers.
Though only a small number of those are using On-Demand Liquidity (ODL), growth is definitely there,...
Hermeneutics is the theory and methodology of interpretation. The tradition of Western hermeneutics starts in the writings of Aristotle and continues to the modern era.
Dont be fooled. Review the price points I mentioned earlier as to what would happen if we break below the rising channel.
We head to .24 - .21 cent zone
Here is how I can see 3 bullish drives
1. W formation with a higher second bottom
2. Points 4 to 5 looks like bullish consolidation to me. Especially if we drop to .78 - 88% as mentioned 3 ideas ago.
I like using where price open/closes with 2 opposite candles when I use my lines.
I think this is a more accurate when u use the medium horizontal price of an...
After posting the 1Hr observation and mentioning we could bounce into a symmetrical triangle we seemed to have got this pattern. It makes a lot of sense for this to happen. Why? well when we were looking at BTC and Bakkt release date for futures trading the market did the same damn thing...it went quiet and sideways fort accumulation inside a symmetrical triangle...
observing if this is a flag for the coming days. Consolidation is currently in effect.
Marked every other 11am 11pm
funny it started dropping right before I finished this....
Short right now
Watch for buy at bottom of flag
all volatility before news come Swell..
Charts tell me .33 - .35 HIGHS
.27 LOW and .2375 is the lowest of lows while .3650 is the highest of High while we wait for the 07th. The hype run can be small and stay in this price zone.
What if the hype doesn't happen this year because SO MANY people want it? Could we get a post-hype run instead of the typical buy the rumor sell the news the day of Swell...
XRP has been one of the poorer performing higher market cap crypto assets for 2019, when compared to the other crypto heavy weights. However based on historic performance, when this sleeping giant does eventually awaken, it moves at the speed of light.
XRP has very strong resistance at $0.30, and has failed to successfully close above this level for a number of...
We hit our orange eye price watch zone. This was the 61 to 78% pullback zone that we speculated with a bullish impulse back up. This DID happen. Now it has changed the pattern to something new so I have updated on how we might get the next move coming closer to SWELL 2019 in Nov. on the 7th. of this year.
Sellers sit at .3365 to as high as .37
Buyers sit around...
The price of Ripple (XRP) broke out of a Rising Wedge Pattern on the daily time-frame as well as on the lower time-frames.
The Rising Wedge is a reversal pattern, which results in a significant drop. Especially when the whole market acts bearish.
Since the price of Bitcoin (BTC) is also struggeling (see my latest Bitcoin idea, linked below), i'm looking for
XRP currently forming a clear uptrend channel, with a short-term level approaching of .3035 (the weekly MA).
If .3035 proves resistance once again, I would expect XRP to return lower to the bottom of this uptrend channel, only to later retest .3035.
Once XRP breaks above .3035 on the daily, the target would then be the .3150 to .3200 range.
All levels assume...
This is my first chart, any feedback will be appreciated (excuse my English, not native language) and a like would be awsome.
I think we're going to see sideways movement until Monday (moonday) when weekly MACD confirms the positive cross of their curves.
Last year it was not SWELL that drove the prices high, not (also) even weekly MACD alone, but just days...
I've read so much about how it's important to go long now on XRP for the next two weeks because, historically, XRP rises in anticipation for the conference. Many reports are calling for 100%-200% gains in these next two weeks. Based on this fractal, that impulse seems to have already occurred with a little room left.
If this fractal played out, that would be a...
A clean roadmap with some fibs and ABCD moves
If we get a bullish BAT it will show after leg C to D @ .1996 price zone
If we get a bearish shark and have a swing to .42 cents I will be looking for...
1. a bullish ranging flag for a continued buy that can go as far down as 61.8% on the hourly. This would pull price back to .28 or .29 cents zone
Happy holidays all.
Where do you think market cap will be the day of the Swell conference this year?
Please share your ideas and post your comments! Lets talk about it ^_^
Thoughts on 2018 Swell? Price? impact? speculation? Reason? Thought? Influence?
I must say, the bounce from the 0,21 XRP/EUR pair, same on XRP/USD Looks really solid.
Target of 1 EUR, just above 1 USD looks really good from here.
If it might drop lower, almost any level looks like a good buy, but do your own research.
Swell event is upcoming and Ripple already put out some positive news on XRP now ODL (On Demand Liquidity) and might have some...
TAKE NOTE: SWELL NOV 7th - 8th 2019
Last year we got a decent hype run on XRP before the 2018 Swell conference that happened Sept. 18th.
This year the conference will be held Nov 07th. There was a 12 day bull run then price went back to its current zone (.25 - .30 cents)
I cant see price spiking low right now unless it happens...