this is such a weird crypto. personally i wont trade it, buy it until i am certain. YES i might buy at a higher price but i want to be sure that when i enter i am going to win. and at the moment its just a carrot on a stick. this is just my opinion thou
XRPUSD
The ex-support became the strong resistance zone
with touch MA 200 in this point. Stochastic RSI will be oversold soon. Think it will be false breakout of this falling wedge and we falling about - 0.30$ .
There are big probability that the price will hit 0,43, because XRP move down and Volume decreasing, it's a signal that big players don't want to hold the price.
For them will be profitable to open a Long at lower price, like $0.43
Also, near $0,43 will be low predictable risk and potential move to $0,62 or $0,79.
+ take a look how many times the price bounced...
I think the price will continue down move because
1. Ripple broke down key level $0,47 and H1 -H4 candle close under it.
2. Trend is down
3. Volume is decreasing, no one want to hold the price.
4. Long can start only near $0,43, because under that level most of the traders hide their stop loses
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XRPUSD is approaching our first resistance at 0.4548 (horizontal pullback support, 23.6% Fibonacci retracement) and strong drop might occur below this level pushing price down to our major support at 0.3757 (horizontal pullback support, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading...
XRPUSD is approaching our first support at 0.4548 (horizontal swing low support, 61.8% Fibonacci retracement) and a breakout might occur below this level pushing price down to our major support at 0.3757 (horizontal pullback support, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs...
XRPUSD is approaching our first support at 0.4548 (horizontal swing low support, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6098 (horizontal swing high resistance, 50% Fibonacci retracement).
RSI (34) is also approaching support and we might see a corresponding bounce in price should...
Bear flag formed in ripple..
This is a risky trade..we are in the middle of a movement,it can goes up or down..we think that the retrace it's not ended
//TRADE WITH CARE//
//MAKE YOUR OWN ANALYSIS BEFORE YOU SET A POSSITION//
The past three XRP trades I have gained 13%, 5% and 9%. You may check them out in the related ideas section.
XRP is now approaching weak support, and looking at past fractals, we should get a bounce back to 7780 at the very least. Even if we do not, it is almost certain we will get a bounce here.
Therefore, you may long.
Buy:
7000 satoshi
Stop Loss:
6840...
XRP looking like it wants to shake hands with the 200 EMA and retouch the Hi/Lo retracement since the September 21st spike up. If 200 EMA fails to hold then we will update and evaluate where we stand at that point. My tentative orders are set for XRP in that green buy box.
The past two trades on XRP have netted 13% and 5% profit. If you wish for private charts all you have to do is message me.
XRP currently has broken beneath long time support and is trading beneath it. In theory, XRP should have trouble staying above 8140 and should not move above 9400 at all.
I do expect a pump if BTC pumps, but I do not believe that will lead...
XRP is moving in upward channel. It's pullback for accumulation of positions for big players.
The price always makes 2nd wave After such thing
That's why I think it will continue to move down.
Near 0.43 we can buy Ripple.
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Write in comment, What do you think about Ripple's future?
XRPUSD is approaching our first resistance at 0.6153 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.4592 (horizontal swing low support, 61.8% Fibonacci retracement).
RSI (34) is also approaching resistance and ichmoku cloud is also showing signs of bearish...
XRPUSD broke the previous Channel Down on 1D on fundamental reasons and managed to test 0.79, which is still a Lower High on 1W. Since this price was also inside the 0.681 - 0.786 (0.68967 - 0.81315) Fibonacci retracement zone since the last 0.96716 1W Lower High in April, we expect the price to make an equally quick technical gap fill as the equivalent rise. We...
XRPUSD is approaching our first resistance at 0.6106 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.4592 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI...
The price broke up a Tringle. Ripple will move up to key sell zone $0.60 - $0.62 There are end of 2nd Wave up.
$0.6 -$0.62 - is Sell Zone. Near that level we can open a Short.
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I'll write when to open a Short if this post get 45 like.
