Wedge forming
Fib time zones match price action
We might be testing resistance levels between 0.223 - 0.24 EUR several times before moving sideways followed by down- or upward movement
Notes:
- Inverse Head & Shoulders forming
- Looks to be in a channel, currently at .2, Strong support at .15 and resistance at .3
- .15 - .185 looks like a great buy zone
- RSI + MACD have room for upward movement
- Will wait and update trade depending on movement towards support or H&S completion.
XRPEUR is starting to form a nice triangle with a strong support at 0.198 EUR . We should expect one or two more cycles and then if the support will hold we will see a strong bullish movement. We can expect resistance at 0.236 and 0.256 EUR.
STEEMIT FOR THE MOON !
When we look on the hour grap for the last 14 days we can see two clear bases. One at 0,201 EUR and second one at 0,168.
If the base at 0,2 will keep holding we might test the the resistance at 0,224 and at 0,234. If not the next big can be found at 0,168
Ripple has been very unpredictable in the last several days. At first it jumped to 0,23 EUR Afterwards it...
Ripple / EUR: Short term Fibo 1.62 possible (0.33 EUR)
At the moment there might be a nice possibility to trade with Ripple short-term. Ripple behaves quite well after Fibo. Therefore, a rise to 1.62 could well be an option . Regardless of this, Ripple Long-Term is an interesting option to go long.
Possible targets: > 0.25 EUR > 0.33 EUR > long term 0.5 EUR and...
Its crazy i know, but there are tangents and paths to great heights which coincide with Ripples Swell conference.
For more info on the swell conference click here ripple.com
Similar pattern as
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are...
My view of XRPEUR.
Expecting a fast move somewhere between the 13th and the 16th of this month.
With enough volume we'll see a nice upward movement followed by another continuation pattern.
XRP/EUR is trending near a major support line in a ''low risk'' buy zone. With weakness on the btc/eur chart the xrp/eur has a nice entry point to reduce risk with a close exit point below the major support line.
