After a long time with more or less sideways movement on XRPUSD, I have spotted a possible buy setup for XRP. In general I believe that XRP is going to go up and retest the recent high at $0.80. Therefore I am also on the lookout for buys. The MACD has flatlined even though the price has continued to move down. That is a good sign of reversal in the coming...
While the price is moving higher the MACD is falling and we have a strong divergence. I wouldn't be surprised if we see a retracement to around $4600 very soon.
MACD is still showing divergence. It is my belief that we will complete the c-wave very soon and return to 3500.
The MACD show signs of reversal, with divergences pointing to the downside. It will be very interesting to see how the current H4 will close.
We are currently consolidation after a move down earlier today. I expect it to go down some more within the next couple of hours. But remember I still expect BTC to reach $4200 in the coming weeks.
So after a few days where #BTCUSD has been rising it is time for a smaller correction before we continue to the overall target $4200
So if you missed the up move a few days ago then don't worry. Right now there is a flag forming or a correction if you will. Once it breaks out of this flag formation then there will be more profit to be made. I expect it to break the top of late 2019, so there should at least be around 15% profit to be made from now on. Happy trading!
It is a very big gamble with more or less no data on the chart as the coin has just been released. But I do see a good opportunity to go in if it breaks out of the flag.
Since the end of December we have had a big corrective structure which is almost coming to an end. Currently we see a small flag on the H4 to the downside but it is not really tradable because the upside is just around the corner. We will see a turning point around the 3300 area if not before. This will give us at least 12% in gains but maybe even up to 25% in...
XRP is making another flag and we will be heading down south
Head and shoulder complete and we could see it move up. However if it doesn't breaks out within an hour or two this setup will no longer be valid.
MACD is looking good for a bounce. I will monitor the H1 and H4 candles to look for a possible buy setup.
There is a good trade setup on XRP right now. I will trade it if it breaks out.
Today we had a spike up which could have been expected, but I still don't see any change in the bigger picture. We are seeing a correction and it is very likely that we will see a new bottom.
I will watch how these two setups develop over the next few days. In the upper scenario I will be looking for a breakout of the flag to the downside. For the lower scenario I will wait for an entry signal. Right now there is none.
I think we are at the end of this big Tron move. But I am in for one last upward move. I will take profit in the 0.02880 area.
We are still in the middle of a bigger correction meaning that downside is expected but currently there is a small buy signal on H1 and H4. Wait for confirmation before entering. Take profit as the long term outlook is returning to 3k or lower.
The volume is getting low and an impulse could end this correction anytime now. Nearly the same flag pattern on all major crypto charts