Ripple (XRPBTC) has been retracing since the 24th December 2018, almost 3 months now.
For "big" altcoins (high market cap), a retrace can take a while, this can be appreciated when looking at Ripple, but this retrace might be reaching its end, based on several signals that I am looking at right now.
Hit like, if you want to see more analysis now, and let's...
Since 2016, XRPBTC has printed a falling wedge pattern before every major break to the upside. Also, the wedges have risen up on the chart from the first to the current fourth wedge XRP is in. This is very interesting.
On the RSI , I have drown the trend lines that make up the pennant formation XRP has been creating the last 28 months.
XRP has really made some...
$XRP Reaching a strong support at the edge of the big falling wedge that we charted some weeks ago....
No UCTS signals yet.
Volume slowly starting to rise
RSI & MACD showing bullish divergences
Smaller Falling wedge that can act as catalyst for first moves.
CHART IS LOOKING COMPLICATED BUT NOT I WOULD NOT SHARE incase I DONT WANT TO BE KNOWN AS GAINING MORE BY LUCK THAN JUDGEMENT
OKAY LETS LOOK AT CHART SUPPORT LEVEL BECOME RESISTANCE AND AGAIN CONTINUE THIS CIRCULATION SUPPORT IS BROKEN BEFORE BECAUSE BTC.THIS TIME IT IS
NOT AS EASY BEFORE. IF ITS BROKEN THIS LEVEL IS OURSE STOP-LOSS ZONE...
XRP / BTC TA
Here we're looking at potential breakout areas that have highest probability of a breakout occurring. If you direct your attention towards the chart you will see that most appealing area for breakout would be at liquidity zone as it's located towards the end of our downward wedge pattern and near support.
Do keep in mind that downward break is not...
Looking at Ripple on the weekly chart
Histogram yet to form any structure
Looking to buy in the relead zone(green box)
Willy not stupid yet
OBV dropping off
Volume dropping off
Massive notch in VPVR that needs filling and it also lines up with the 786 fib
For me, ill be waiting till I can see some structure come in off the weekly to go long.
* Don't forget to...
As of now, falling Wedge is going on. Resistance already indicated.
The market may fall up to 7600-7400 which was, I quite thinking less possible. only of the most possible. The market may move sideways and enter our blue zone.
MACD is totally flat now. Personally, I'm expecting a small dump and break the pattern in the negative side.
On a monthly log chart the XRPBTC pair is looking decisively bullish !
There is a parabolic trend line that points to a breakout, not only on the price chart but also on the RSI.
There is a strong descending resistance line at around 10'000 - 10'500 satoshi: once we clear that resistance, it is my expectation that BTC will decouple from BTC and be king.