Ripple just broke below the last low at 0.295 and just printed a low of 0.28401. Do NOT panic here. I have adjusted the wave count, each point down one count. This lets the retrace from Wave 2 hit the 0.382 fib retrace nicely and Wave 4 hits 0.50... which makes this Wave 5. As noted before, Ripple Wave 5 is generally very weak, rarely passing the 0.786 fib...
In my last analysis I was looking at 0.38 to be the bottom off that reaction move down, but a week later resulted in another large move down, changing a reaction into a correction and invalidating my analysis. I am begining to see a wave formation where we are at the end of Wave 2 which I have plotted here with supporting structure. Interestingly enough, the...
When the major dump occurred a few days ago I posted a chart showing why I believed the 0.38 area would be a solid support area. As it happens, that area has indeed provided solid support. However, within the next 36 hours the wedge plotted will come to an end and the supporting trendline will be at serious risk of breaking down. Assuming it isnt a bear trap, the...
The events over the last 24 hours have been unkind to Ripple with Coinbase going offline for a short moment and then the hacking of 9.3 million XRP. Trying to determine the end of this reaction seems pretty straight forward with a confluence of points at the (0.38 +/1 0.02) level. Elliot wave count would have this last push down as Wave 5 which could extend to...
The daily chart on this is a bit choppy and difficult to read. Once you turn to the Weekly time frame, the story is clear. Sundays candle will be very telling in my opinion. See you Sunday to see how it closes.
Over the last few days there has been a lot of hype about a "golden cross" and now a "cup and handle". While these indicators do exist in the world of TA, they are not used as much as people think they are. Looking at pure price action and retracement levels, you can see a clear breakdown of what is happening. On a larger scale, price has held the 61.8 level while...
Here is a closer look as mentioned in the title. A nice trend line has formed which should theoretically provide support knowing that the .40 cent area is below it to act as additional support.
Following a short pullback from 0.52 resistance look for upside target at 0.65 in June. This chart is noisy, and even so there are many things hidden in it. It is difficult to remove the information on the chart and still reference it to whoever may find this useful. Normally I would include Fisher and RSI but have removed it to be able to show the end of this...
Observations: Daily: Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion) 1hr: Possible bull flag formation. Support .35500 Resistance .37999 Currently watching...
As expected in the previous idea, #xrpeur got rejected around the 1.40RSI. Now, level 0.00 will be important to watch this month. Huge bounce could occur early september. In the meantime, I expect a big dump until 0.20€, even 0.19€ after the 20th. But before that, we still have room for som quick pumps. I find it risky thought and I prefer to wait for a clearer...
It seems that the weekly StochRSI leans towards a rejection, which would lead us to the pursuit of the downtrend until the 0.19-0.20€ support line. StockRSI seems too high to me and its retracement to an full oversold 0.00 level would perfectly bring us to late August-Early September. We have some time for quick bounces until the Monday 20th of this month and the...
The wedge just has grown bigger, still in the wedge, with a bottom between 0,60 and 0,55 cents on XRP
next level of support is 0,60 cents i am now looking at longer term trendline up all the way from the beginning of xrp and xrp huge spike
some say it forms a diamond shape others see this flag building up. for me the most obvious is the testing of the 38.2 fib level which is in itsself very bullish to hit the 61.8 target at 1.13 USD price
Here we goooooooo