XRP / USD TA
Let’s dive into it, before it’s too late!
We are currently sitting on 744+ Strong support line in form of a trend line seen below.
Why is this support significant?
Mostly because of the immense accumulation that we have been observing over last 2 Years. Even though to some it won’t appear as accumulation during the times we had run ups from $0.20...
Everything looks like price will hit $0.33
For us, it will be a great opportunity to open long-term buy with goals $0.5 or $0.6
The main reason why I think the price will make a little drop to the key zone is: last days price is dropping down but volume decreasing. when big players want to move instrument they hold it. In such places, we see volume increase but...
There's no other way to draw the long term resistance line. XRP tends to trade on parabolas and this one seems to fit pretty well. Even if XRP touches back down to $.16 I think there's a strong chance to hit as high as $12 and even $16 by end of 2020
Price is approaching our first support (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our resistance (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment...
Ripple loves to crawl along the bottom before shooting. Given the likely approximation of Bitcoin to 10K and more, we can assume that the pulsation will reach 0.7, and then roll back to 0.55. Of course, when this happens, it is impossible to say exactly, but with high probability we can say that it is unlikely to fall below current positions. But perhaps,...
This trade is still on for 58 cents before 28th May.
You can see another falling wedge pattern forming which further confirms my previous analysis/ Like many analysts here on Trading View we are sometimes too quick to give our idea . Watching this play out on screen gives me great confidence we will see higher values within the coming days.
The wedge is...
This chart is self explanatory. Using support and resistance confluence point gives us key level.
Possibly heading towards 0,31 and test 0,34 area which will be a crucial level. breaking through should allow us to see further upside later this summer but this is too far off to predict.
This is no financial advice.