After rejecting the $.325 Major Pivot XRP sold off and stopped out many long positions with stops below the $.32 level. However XRP found support on the hourly trendline at the $.315 region. I believe the move was likely a stop sweep for further liquidity before making the next leg to the upside. If that is the case the $.35 weekly resistance is in play with a...
Observation: I think it's important to look at the greater life span of XRP. The white dashed lines connect the ALL TIME HIGHS(GREEN) to the lowest price (RED) after consolidation... and then to the next ATH. In this chart, we can see that the RED numbers are increasing as time goes on.... aka "higher lows" as well as the ATH's.
Analysis: I'm a bit...
This chart is NOT typical for me....these are the types of charts that "make or break" a guys reputation, and it's NOT like me to gamble my reputation on a chart that could go south quickly!!! But, nonetheless, I want everyone to see the potential for the price of XRP, and the time frame for it to reach this height. Keep in mind, my actual time frame is about 22...
Trendline is holding XRPUSD for so long on the top of the support side, but question is how long will it hold?
Forever? I don't think so.
XRPUSD is very calming and consolidating for pretty long time. Maybe it could be taken as a calm before a storm.
Longterm I'm big fan(and investor/HODLER) of XRP, but from a trader's point of view, i think we might go even lower...
Here's XRP getting ready for some action. Many indicators suggesting a break up, XRPBTC longs unstoppable at the moment too. Clean and simple chart suggesting longs to 0.38 as the price at the time of writing is around 0.325 thats a 1:2 setup. BITFINEX:XRPUSD
REDACTED XRP INTRA-DAY BREAKDOWN - 20/03/19 - PRIORITY SERVICE
What has occurred since our last INTRA-DAY BREAKDOWN FOR XRP ?
1. BEARISH CONFIRMATION PRICE TO 0.28$ 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!
XRP / USD TA
Here we are looking at some key short term support and resistance areas
STRONG RESISTANCE - $0.9355 / $0.5651 / $0.3911
WEAK RESISTANCE - $0.6877
STRONG SUPPORT - $0.2856 / $0.2485
UPCOMING STRONG SUPPORT - $0.4750