XRP is trying ( again and again) to run away from the main support of 0.000040 BTC in order to fly in the direction of 0.000060 BTC resistence. Generally when XRP does it, moves very fast, however the past days show us that some key level of price are vey hard to break. For This reason i show in the graph that XRP could use two different waves to achive the...
Be careful with Xrp atm we're seeing signs of weakness and fatigue, we have fallen below our 50/200 Ema and a possible death cross is forming, not a lot of support either below our current level and a sharp waterfall down could be a possibility like we seen further back in the charts gl.
This is very detailed analysis with lots of in depth view on XRP. Looking closely on XRP chart reveal some hidden secret which expose the numbers of candle formation within each cycle( From Rising to falling) and at same time the duration time for each Accumulation phases. The oscillating indicator also show casing serious accumulation in progress.
The chart is...
I have seen this exact same pattern a thousands times, and it always proceeds a dump in the market. Or alternatively it could mean another major bullrun in BTC, whilst the price of xrp remains stagnant.
A painful expedition down the yellow brick road is upon us yet again and the XRP fear is beginning to build as upward price action weakens and bearish divergences begin to show. following on from my recent short entry this is a longer term direction for the Trashcoin with mind of completing a full market cycle.
Where are we going? To the end of the rainbow. What...
will we see retest or breakthrough the Support Zone ?
Let me know your thoughts....
I am going to be short till we reach that zone and if we don't break it - wait for confirmation for trend reversal.
For Example: Engulfing bar / Harrami candle / Tweezer Bottom or Rising Sun.
Been very long xrpbtc has been trading downside in the form of parabolic drop. But few days ago we record massive breakout away from this ugly pattern. In view of this I believe the uptrend move have just started with at least 50% target from the suggested entry zone.
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In 1637, tulips in Holland traded for 5,500 florins and then crashed to 50, a 99 percent loss. Well, you might say, "Trading was relatively...
Although Bitcoin is rocketing, XRP is dumping and there is no way to justify a bullish sign in XRP chart.
Therefore the first resistance level is at 0.00004000 BTC and then the second one might be at 0.00001400 BTC.
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
XRP has formed an almost identical pattern going back a couple years with each "pump" separated by almost the exact same bars...and we are now at the point when one would expect the next "pump" in this pattern- the market sentiment is good so it is theoretically very possible- we shall soon see.