It's time to have a peak under the kimono and see if this Emporer is wearing anything! The time is right! The 75MA is in perfect position to cross over the 150MA, and now we need XRP price to follow through! I've been yelling it from all sorts of roof tops, sounding the bell and letting as many people know that XRP has been ripe for the taking! My hope and...
We have a nice bullish with buy low at previous analysis.
Right now, ripple perform pullback to fibonacci support zone at 0.35986 - 0.36189 (buy zone area)
Target for this setup at 0.37872 (previous analysis target) and maximum target at new high resistance at 0.39075
Previous analysis :
Reasons for open position:
- sell zone is 0.3317-0.3221
- trade by trend (short)
Stop above 0.3317
Take profit 1/2 (0.3173) and higher, depends on your greed
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From the moment i openend my log scale i saw that there is a whole region that's never fulfilled before.
What if bitcoin breaks 3K is XRP also going to break it's recent floor again ?
0.14 is an option if you think the way i think. XRP went x650 last time... it's still overpriced even if the fundamentals are good now.
What do you think ? comment below.
As expected as soon as the crypto leader $LTC started showing weakness garbage coins like XRP have given back all its gains from the week before. Now bouncing back down around the 20 and 50sma. Stoch still not oversold so there is still room for it to go lower.
If XRP can ever get above the 200ma, then it might be worth considering going long.
Is there a...
As we see we have a perfect eliot wave with a perfect ABC setup. I see an extended eliot wave coming (6-7leg) that is also the resistance of the weekly 18EMA.
let's see how this plays out ! but what i already know is that it perfect holds support on the 61.8FIB.
Let me know what you think !
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So the Bitmex XRP' future expiration on the 29th, did not cause a big move. It went up, after having been suppressed so much past months, but compared to the rest of the market it is still a big failure. Still hanging around the Dec lows while the rest have left those levels way behind them already.
It still went up like 20% but it has been dumped just as fast...
Market's moving very slow this weekend, with BTC consolidating in a $100 region, as well as alt-coins.
With BTC failing to break the $5500 region,which continued with a major sell-off and brought us to $5000 region again, could mean that we may continue going even lower, both downside and upside targets has been analyzed in prior breakdowns so I suggest you to...
I'm not a fan of fractals that move across the channels in the same manner, it makes me feel like there is something wrong, since according to Elliot Wave theory, there should be an alternation that happens, and would not support such a similar price action, but nonetheless, here it is.
I must admit, some of the movements are eerily the same.
If this fractal...