I am by no means an expert at this. XRP's price movement has been discouraging, to say the least. While I am enjoying the prospect of a bull market in the near future I need to see some serious conviction from this coin. While there are historical (technical) similarities from the spring and into the summer of 2017, I think XRP needs to move convincingly higher,...
ENJUSD was very puzzling for me awhile back! I thought this coin was the "canary in the coal mine" that would trigger the rest of the coins to follow suit, but most never did...BUT, this coin has remained on my radar, and I have been anticipating the other coins to follow some type of similar pattern before launching. Here it is.
Either way the price decides to...
TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION
Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal. Ripple is following a bullish path above the $0.2320
(mic laggy sorry)
AWS Partner Profile: Ripple
RippleNet is a decentralized global network of banks and payment providers using...
Wave 1 is a leading diagonal with subwave 3 reaching less than 1.618x subwave 1. Subwave 5 approximately equals sum of subwaves 1 and 2. Use left-side fibs for subwave lengths that are based on 16 March start price $.14108 and subwave 1 price.
Wave 2 is a WXY correction ending at about .618 of Wave 1. Use right-side fibs that are based on start price and subwave...
another extended wave incoming:
1. blue wave 2 was slow and deep, which means blue wave 4 will be quick and shallow
2.the longer we range, the higher we will trend. we ranged from June 28 to July 6, a whole week
On the daily time frame, the bearish has almost been fixed, however, the last bullish candel with almost no shadow has confirmed the bulls' pressure. In addition, the trading volume is not declining which means that sellers are running out of steam. All in all, the sideways trading keeps dominating within the range of $0.1870-$0.1970.
I analysed situation and I have two different ways to trade (short and long). I think if price will hit upside of channel and close under it, we can open short position and our target will be support level (0.17400). But if XPR will hit upside of channel and close over it, we can open long position and our target will be resistance level (0.19800).
Ripple price hits a wall at $0.19 following recovery from primary support at $0.17.
XRP/USD is gradually falling back into the hands of the bulls; support anticipated at $0.1850.
Ripple price has been in gain trimming exercise since the beginning of June. A descending channel stood in the way of upward movement. On the downed, the channel support kept the...