JamesSE

JamesSE

I used to trade in cryptos, but since it has declined so much I don't see the point right now. Forex will always be around unless the world collapses. I'm looking at a downward trend on the daily chart but on a weekly chart, there is a wedge forming. In this downward trend, my TP point is 124.600. SL 130.100. The weekly chart I am expecting between 123.500 -...

JamesSE

On the 4H, the stochastic is high, indicating a correction soon to $0.64 maybe even $0.62. The CCI backs this up, being above the 100 line. However, Xrp has risen above the 100 day EMA and is curving it upwards, showing strength in upward momentum. On the 1D chart, the MACD has turned bullish, the stochastic is rising and has not overextended and the CCI hasn't...

JamesSE

Looks like a correction could be imminent. A nice bullish run had led to some nice profits. However, on the 1D chart, the CCI is dropping, the stochastic is high and has maintained its momentum for a while. With the MACD and CCI making a correction, the stochastic will soon drop with it. This will cause xrp to fall down in price. The next line of support is...

JamesSE

Looking at the graph, higher lows are being formed on the 4H chart. The MACD shows earlier the 12-day EMA dropped below the 26-day EMA, the stochastic and CCI both confirm a slight drop. However, now the stochastic is low, the MACD 12-day EMA has started to rise and is at the point where it is looking it could pass the 26-day EMA. The slight dip in indicators...

JamesSE

Looking at the chart, there could be a descending wedge on the 1H chart. A possible rise could take place if it reaches its major resistance at $0.54. However, it could drop slightly lower as the daily chart indicates each time Xrp has contested the resistance, it falls slightly lower and then bounces back up. Overall, this creates a small decline trendline on the...

JamesSE

Quick Update From the chart pattern, it looks like Xrp is on its way up on the 1H chart. The Resistance is sitting around $0.83, while higher lows are being formed to create the pattern. When the breakout occurs, it's looking likely to reach $0.90 based on the widest part of the triangle. Stochastic is low so should hopefully see a climb soon. This is my...

JamesSE

The past couple of days has seen Xrp fall. What seemed to look like a H&S pattern, it didn't follow through so the price has slowly drifted down, forming what appears to be a descending wedge. There has been a recent breakout that could be the end of the descending wedge. If confirmed, Xrp could rise to $0.90 to the next resistance line. However, if it fails to...

JamesSE Updated 

On the 1H chart, Xrp looks like it is developing a Head and Shoulders pattern. With the CCI looking Bearish but still hovering around the 100 mark and not dropped dramatically to 200 as of yet, a big swing down could be coming. However, if good news from CNBC's 'Fast Money' has good things to say about Ripple and Xrp, it could consolidate sideways about $0.90 and...

JamesSE

The swing high on the 4H chart shows $0.978, and a swing low of $0.89. With lower highs having more downward momentum than the lower lows it looks like it is creating a descending wedge. Maybe we could be seeing a rise of 8-9 cents if a breakout occurs, placing it near $1.The 1H trendline (RED) also confirms the downtrend has more momentum. I am going to wait for...

JamesSE

I am new to trading and publishing ideas so I have limited knowledge compared to those who have done so for years. After analysing xrp and other cryptos for a few months now, it feels like I have predicted the outcome a few times, but I can never be certain. Why $1.40? it looks like Xrp has broken the bearish trend and is now starting to rise. On a daily chart it...