the logarithmic long term diagonal trend line has always shown expansion when consoliated near (be it above or below), once ripple gets the $2 close then we will see some spring loaded upside for ripple
Like sometimes in life, I have bad news and good news for you.
Looks like the downtrend continues.
The good news is, that you can now sell part of your coins and buy them cheaper - or you can load some more when we go down to £0.65 or even lower !
I have a buy order at £0.65 - to be on the safe side.
Based on the trend line this should happen at some point on...
Watching the downtrend lately, we do not worry. We are patient and holding position.
The brave ones could sell small part of their coins now and rebuy them if (or when) we retest the £1 area.
I expect around Monday 19 - Tuesday 20 April, to have a clear view of the direction.
Either way, before Friday 23 April I expect a big upside move.
CLEAN AND SIMPLE ANALYSIS AS ALWAYS. WE HAVE A MARKET THAT IS TRENDING TO THE UPSIDE. PRICE IS CURRENTLY RANGING. I HAVE MARKED THIS AREA WITH THE HIGHLIGHTED ZONES LABELLED SUPPORT AND RESISTENCE. BASED ON THE PRICE ACTION IM LOOKING FOR A RETEST OF THE HIGH BEFORE HOPEFULLY PUSHING UP TO MAKE A NEW HIGH. IF SO MY TARGET WILL BE .55p/.75usd.
Taking a look at the immediate weekly candle I think I see a falling tree pattern. Next week or week after.
Confirmation I got from lower timeframes all look to support the view of buying pressure fading out at 60-62.
Happy for some arguments on this one considering the morning stars before.
Overall still a bullish market structure. Price is following the trend nicely. One area to watch is the .43p area. We can see price failed to create a new high here but I suspect another attempt at breaking this level will be made.
#xrpusd #xrpgbp #xrpanalysis
Xrp chart update from yesterday. Analysis played out pretty much as expected.
Strong bullish momentum expecting highs of 0.45gbp/.62usd today.
#xrpusd #xrpgbp #xrpanalysis #cryptocurrency #cryptotrader
XRP has now finished its flag and assumed ascendancy at the midpoint of the correction, So it would appear to be preparing for a bullish trend to hopefully challenge the previous high of £0.47, if this is mark is broken I would expect it to achieve £0.55 before another consolidation.
Buying opportunities after the 22nd perhaps, If the exchanges allow US access,...
I'm no expert and new to analysis, however i've applied a few indicators to XRPGBP, the MACD is accending and moving positive with the signal line just crossed, the bollinger bands indicate an upward trend with and expanding band. RSI has just emerged from an oversold position, with this I anticipate that it should achieve a significant gain. TP of £0.71 given the...
From the XRP/USD analysis, we can see investors finding value at $0.26 area (Buying area). We can expect this area to hold as support and provide enough liquidity to shoot up to the target area of $0.55 (Percentage gain: 111%). This is a short term target, we may see larger moves incoming in 2021.
This is roughly where we appear to be in Stage 3 before the burst.
Markets can move regardless of the news.
Timeline is impossible to predict. (can be extended and contracted)
Wicks can occur but are temporary with anomaly data. Large wicks are designed to scare the market, liquidate leveraged trades and invalidate technical...
weekly chart showing its not as bad as the fud parade are making out:
obv is the real key as the volume does not reflect the drop creating a bullish divergence.
the long term trendline bounced the price
the weekly wick (if closed here) will confirm the support around £0.20p
range top went straight to range bottom, price will now travel back to mid