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...
With the SEC case going in the right direction and millions being invested into XRP products. This shows a good sign of possible increase in price. The chart also shows good retraction and i believe we will see another bull run to the 1.50 point soon.
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.
Would love to know your thoughts on this XRP chart pattern... as you can see with the arrows, clear heads and shoulders i.e. reversal/bearish. But then, there's the lovely pennant, usually associated with an upcoming uptrend/bull market. Which do you believe? what else would you add?
I think with the fractuals, history, fundamentals, XRP will soon break it's ATH ..
shorter term profit targets and buying areas. Potential longer term price limits as well.
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. HAPPY...
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
Following day update on XRP Trade played out pretty much as expected. Expecting 0.45+ (0.62+ USD) today #xrpusd #xrpgbp #xrpanalysis #cryptocurrency #cryptotrader
Clean and simple market structure. A bullish break forming higher highs/lows. A higher high was formed which then led to a small correction. A double bottom has formed followed by a break of its previous lower high signalling a reversal in structure. Looking for wick rejections/bullish momentum from the previous lower high