Waiting on a pull back, and rejection. I spotted a descending wedge on the hour which indicates bullish movement. Gonna keep an eye on this pair for tonight.
If you agree or disagree leave a comment below!
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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Price is now at a key level, I’ve noticed every time price reached this level it broke through and kept going. Price could also fake out and go down ; this is just an idea, but if price breaks through this line be looking for a long order. Also as you guys can see I marked up what appears to be an inverted head and shoulder which also gives me the notion that...
Ripple rejected important high, and sellers start increasing momnetum.
At the moment bulls try to defense support zone, but if there will not be any power, ripple will follow price action to lower supports.
One fact is that whole crypto market is collerated. If 'the Giant'' Bitcoin crash lower as we explained in previous analysis, then ripple will follow dumps
As you can see, XRP has a bearish divergence building on the RSI AND was rejected by our local resistance at .1936. The bearish divergence is even obvious on the 1h chart. I expect XRP to pull back to the .618 buy zone indicated with the yellow box (around .1815).
This is not financial advice, do your own research and most of all, good luck!
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As you can see we've begun to correct yesterday's move. We have a bear flag setting up for a drop to the .185 level, there is also confluence with the trendline between the .786 and the...
We have bearish divergence on the 1h chart. We may have hit the top but, I think we get one more shot at the .195 area.
Ready for a pull back to the .186 to .1845 area.
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This is not financial advice, do your own research and trade at your own risk.
I've inverted the scale to give a different perspective, in the chart, the inverted scale gives a very bullish flag pattern, we have volume calming down and are almost at the apex of the flag. It could go against us and the price could rise but this flag looks like we're in for a nice correction to the down side (up in chart). Two targets listed....