Well XRP respected the Demand Zone very nice, we should see the price continue to move up higher and continue with the Bull Run
Still the option is here that we could go down lower to test the Demand Zone
What do you think?
All engines are running, system operational. Even though we had to postpone the lunch a few times now, because of some technical issues (ERR_CODE_AMATEUR_DAY_TRADERS:0x000420) and additional safety testing had to be done.
Hope you got your astronaut bags filled. Good luck.
I am a astronaut and not a financial advisor, so while you may go with me to the moon,...
Welcome to this analysis about XRPUSD, we are looking at the hourly timeframe perspectives. XRPUSD in recent times has shown up with initial pullbacks firstly testing the lower levels in the structure. Besides that, it has developed this descending-channel-formation marked with the black boundaries in my chart, within this channel XRPUSD has the coherent...
If we are on a sideways consolidation and not going to break below the previous low to 0.77, XRP may sort itself out this way during the month.
Potential to drop to the $1.075 region and bump the bottom of the forming pennant.
Previous modified fractal shows a potential way out of the pennant.
I would be one happy camper if XRP follows this model...
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
At first, the...
Hello traders XRP has been moving upwards since April 23. Shortly afterwards, it broke out from a descending resistance line. It continued moving upwards all the way to $1.63, before decreasing.
Currently, after findig support in the strong demand level in my personal opinion I think price can continue with the bull run. Crypto Market is Euphoric
Price is respecting market bullish structure, plus monthly candle closed bullish, and the actual monthly candle is grabbing some liquidity to fill the wick upside.
In my opinion price could easily retest ATH this month..
Note: this is for educational purposes only, is not a financial advice..
Al small revision of my previous wavecount where I stated that we could expect sthe start of wave 5 in the second impulse channel.
I was wrong, as a retracement of wave 4 below the top of wave 1 invalidated this wavecount.
Happy to say we are riding wave 3 up to 1.88 at this time...
Just need validation with a clear break of the triangle and tuning 1.63 into...
If my understanding of bullish and bearish trending lines is getting better, then in the next few days XRP shall see few bears in his green garden.
Hopefully the bears trend won't go as low as $1.00 USD. But, if it dose - just make sure to pile up some more of this precious little buddy.
As for the bull run, based on my drawing he will be teased by the bears...
A symmetrical triangle can be seen on the 4h timeframe.
There seem to a strong demand zone in 1.53-1.54. I expect that zone to be act as support.
Sooner or later XRP is going to breakout or breakdown from the triangle.
If the support at 1.53 holds, I expect a breakout upwards and testing the previous resistance level at 1.84.