· Falling wedge in formation
· Price touched the yearly support recently
Interesting to see how the price of Ripple acts. If it fails breaking the falling wedge upwards, it'll most likely test againg the main support. There we could see a double bottom.
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Fractal alert! We are in the process of creating the exact same pattern that we did in this zone in Aug-Sep 2018. Just look at how beautiful it is!
Do you buy now? I say no. I'd actually short here a little bit and buy down...
Chart is clear again,all indicators showing it will very likely breakout in days maximum.
*We have falling wedge on XRP/BTC.
*We have a most likely continuation triangle on XRP/USD
*And we reached out the 34th week of downfalling,last breakout happened on 35th week so we are very close to a big...
All information is provided in the chart. (Point on Yellow-notes on chart to see description)
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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.
I am looking at the Ripple (XRPBTC) chart long term, weekly time frame, and even though I don't have a story to tell you, I would like to point out in straight forward terms what I am seeing, the different signals coming from this chart.
A closer look at Ripple (XRPBTC) on the weekly time frame:
On the far right, we are...
. Ripple/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the Beginning...
XRP / BTC TA
Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...
1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI drops...
Previous analysis i showed a nice bullish wedge which played out perfect. Broke out, then it did hesitate a bit, but stayed above the new blue support zone i showed in the update. I see we have made another big push now. Broke the .036 resistance already and even touched the 0.4. This 0.4 is also a big resistane at the moment, which won't be an easy one to break....
So it dropped exactly to the lowest support line. While i wasn't sure about the btc pair if it would rop more or not in the previous analysis, we have our answer now. But something to think about, the xrp/btc pair did not drop because XRP dropped, it dropped because Bitcoin outperformed XRP once again.
Anyway, that bear flag on the left i talked about in my...
Supports—> S1: 0.000046 & S2: 0.0000415
Resistances—> R1: 0.0000545 & R2: 0.0000585
Supports—> S3: 0.000037 & S4: 0.000041
Resistances—> R3: 0.000062 & R4: 0.000065
This XRP/BTC chart shows the negative correlation of BTC with XRP. BTC has been increasing in value since mid...
$XRP looks very juicy, there is a bunch of reasons that tell us about possible local growth in the very near future. First of all - $XRP formed a double bottom when one jumped from the support at 0,00004 BTC. This pattern attracted attention of traders which promoted good volumes. At the moment we can see a formation of golden cross, which can easily give a start...