Friends, we are witnessing the fall of Ripple, right up to the area where
We considered it as support in previous analyzes
Now for wanting to resume its uptrend
He must break the resistance line upwards
And for the shorts position is enough that the price range is low
If the blue color closes, the currency trend will decrease
No oped on this one -- figured I'd keep it short & sweet. Head & Shoulders indicator coupled with massive volume surge led me to dig futher.
Green Horizontals represent TP1-3 with TP3 a midterm sweep.
Red horizontal worst-case stop.
Markt VOLATILITY: HIGH
Keeping this publication NEUTRAL as next move is contingent on BTC price volatility.
Hi folks hope you are doing good, in my previous idea of Ripple with Bitcoin pair we have seen that the XRP had formed a complete bullish BAT pattern and on 2 day chart. The formation of that pattern was started on 6th September 2019 and completed in December 2019 and we have seen that on 2nd Feb 2020 the price action moved up with the powerful divergence and...
Priceline of Ripple / Bitcoin cryptocurrency has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the pattern's move:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg...
XRPUSD LONG - INVERTED HEAD AND SHOULDERS INCOMING
First - Bullish Breakout - Ascending Triangle after that, we will create the right shoulder for the breakout.
In my opinion, we saw the bottom of XRP.
Thank you, merry Christmas and leave a like.
Although the whole Crypto markets are dumping with Bitcoin.
The XRP is clearly getting sold off.. rather dumped on the markets.
Probably by new deals from Ripple who get XRP and sell it for Fiat to run new businesses.
Maybe new businesses will use advantages of XRP.
But most of it will be exchanged for Fiat.
As XRP only has a small short quick holding time to...
For whatever reason; chart is not publishing as it is on my screen so I've reprinted the SS above ^
T1-4 with TP1 & 2 being SHORTSELL exits (48-80 hrs)
TP3 a mid position (timeframe 3-5 days)
TP4 a LONG position (>7 days -- pointless to speculate)
OFC stop @ 3151 <-- MOST IMPORTANT FIGURE!!
We have so many resistance from up ahead, and the only couple supports from down.
There is a problem that big whale or even RIPLE management funding this price drop, as we see that constant sell-off coming again and again.
If we check lower TF like 5 min or even 1 min, we will see that the market manipulated by high trading bots.
What I see does not make me...
As you see here in weekly time frame we are resting on top of the weekly 200 SMA which I don't think will break as support. Looks like accumulation phase and with the larger picture forming it can be a cup which according to one scenario of Elliot wave confirms. I see it bullish because the market as a whole is picking up volume that would be great for most of the...
XRP has moved nicely off support and is on its way to test resistance around 0.53
We didn't really see much volume accompany this move off support but volume has entered the market today, which is normal after the weekend
BTC does however look weak here and any sharp move down could see XRP follow suit
EMAs still trending upwards and expect both to...
MACD is bullish...
Moving averages not so much, but we have to believe it's going to reach for that 50 day SMA ~8k
Momentum squeeze indicator on the rise
Aqua lines are old LONG FLAT ichimoku lines (magnets), but developed during bull market of course.
RSI is low and looks ready to bounce soon
Wedge was broken to the upside.
Most adopted crypto by current...
There seems to be a nice horizontal consolidation occurring at the moment leading up to the crossing of two major trend lines. Healthy gains may be achievable with a tight stop loss and large position size.
*The ideas expressed above are only my opinion and should not be taken as financial advice. With that said I do have a position in XRP, very bullish.
The next target level really is beyond 1 USD my charts says between 1.10 and 1.20 is the next most likely target for XRP.
Support is on 0,85 cents if that breaks we have a healthy pullback first.
But for now it seems to be continueing the weekend in.