XRP / USD TA
On this chart we are looking at strong pennant which would be considered by many to be bear pattern, however since this formation of a pennant is after a strong downtrend followed by heavy consolidation phase in which we're currently in, we would aim to be bullish on this chart. Nevertheless, we may see some more downtrend action.
This pattern would...
REDACTED XRP INTRA-DAY BREAKDOWN - 20/03/19 - PRIORITY SERVICE
What has occurred since our last INTRA-DAY BREAKDOWN FOR XRP ?
1. BEARISH CONFIRMATION PRICE TO 0.28$ AND 0.25$ IS 0.304$. IF YOU ARE MORE RISK PRONE AND WANT TO TAKE ADVANTAGE EARLIER, YOU CAN ENTER ON A BREAK OF 0.311$ PRICE FLOOR.
2. 0.32$ IS CURRENT SUPPORT AND IF EMA IS USED AS...
I had anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago so it's cool to see it finally playing out exactly how I anticipated....of course this could be yet another fakeout...we need to see the price reach at least 34 cents first to be comfortable that...
- Looks like BTC before the last dump
- Daily and 3D Stoch. is falling
- Energy lines are negative
- currently at the top of the big channel
- Daily RSI breakout has occured and now bouncing at the trendline
In my opinion, the probability of going short is higher. If Ripple goes short, BTC will do the same.
Have a nice one!
I previously did a lot of bold statements for which I got some messages...
However, I still stand by my predictions, we can obviously see that the time for the break out that will take us on a mini bull run is around the corner.
Go check out my previous idea and you see how we are crunched up in the triangle and we are bound to break out soon.
Yesterday I had said that XRP looks like it is about to break soon and I am still expecting that. We’ve experienced another day of price range but my long is still set for $.311. The absolute last day for us to range would be by March 28th. The price has been contracting for almost 2 months now since January 28th so a big move is expected to happen.
XRP looking bullish at the moment and looks like it will break out of its current trend. Support line has been very obedient despite the one sharp pullback. Looking for a target in the .32900 region. 3 to 1 risk ratio with a tight stop loss.
Firstly mention the manipulation over the double top, where profesional waited until they found the liquidity region acting like a bearish trap, they positioned themselves on the blue region, the rest are stop losses working for them. Then, using the fib extension since 0.31125 until 0.32250 we can see how precise the movement ends on the 61.8 where profesional...
Looking for the next leg up on XRP as we are coiling within the consolidation range. With a breakout of the $0.325 pivot and the minor trendline resistance we should see a continuation to the next upside resistance at $0.35. This provides a great R:R setup as we have been accumulating on the daily trendline support at $.32. This is risky as there isnt confirmation...
we are forming a triangle, the price is right at the end, so a move might occur soon, usually crypto pairs come to hunt some SL, so having that in mind, I would like to entry at the supp level to continue the trend.
I know that the SL is quite tight, but the price come past that point it might break structure and invalidate the current long.
Ripple is suppressed by the down-trend line from 0.3300 and supported at 0.3210. Meanwhile, it's supported by the up-trend line from 0.3070 as well. What should be confirmed is the triangle is forming and a big trading chance is coming soon. It's likely to rise and test 0.3240 first, the 23.6% retracement of 0.3300 to 0.3070. Further rise should be seen to 0.3300,...