Good night ripple! Hope I see you smaller tomorrow. :D
Let's keep in mind the trend is still bearish. It is very bad idea to trade against the trend.
There is no real sign for a reversal. Even we cross EMA200 for the first time, and stay bellow it. It may correct a bit, but trend is clear.
Do not waste your funds to bet for reversal!
My previous idea was not activated because ripple broke ichimoku cloud on a hourly chart. Daily EMA200 was strong support, it was tested again and it was broken again!
I am short to 0.40 but cannot advise for a good stop level. For protection let's wait for a daily candle close bellow EMA200.
Let's fun begin!
Well, as you can see 99% of ideas was canceled due to market collapse. For most of us it was unpredictable situation. I also was hoping to enter ALL IN in long position after bouncing @ 1.08 but this does not happened.
Now we can see strong bearish trend, bulls are tired now.
Ichimoku cloud concept defines trend bouncing 2-3 times per cycle. We already see first...
I have several ideas for xrpusd these days. Good deals with good profits. Hope you all enjoy them. It's been a while from my last posting, and my idea gone deep into history.
I am still on, and now I can define fixed Target with Stop loss. It seems current trend is with very slow progress and because of that we can set tight stop with target at 2...
I have analyzing XRPUSD in deep, because it is my major investment in crypto world. I am currently OFF because from my point of view it is unclear what's next.
In my previous analysis I post an idea for bottom support line since ripple start growing. Today based on that line I draw another one with obvious importance for support and resistance. XRP already touch...
We may not hit the target at 0.80 - 0.90 zone as ripple already drop too fast.
Double bottom pattern is on its way to create. If it is done, the first target will be at the trend line 1.60 (this lovely place for ripple). And probably will be broken to rise up to second target at around 1.80 - 1.85 (another lovely place).
As we can see ripple already broke down the bull trend twice.
Strong bearish trend is still active. Repeating last cycle give next target at $0.90
This is not advise for trading, I just analyzing my charts. H&S pattern is no longer active. Bearish trend is fully active. There is no confirmation for trend reversal.
XRP will try to broke again support at 1.60.