RIPPLE (XRP/USD) - Confirmation Area For Further Growth!
Updated
Ripple has a pretty clean and simple confirmation area for further growth, it stays between $0.465 - $0,481 and the upwards move gets confirmed after a Daily candle close inside the green area, a Daily candle close is needed!
After the needed confirmation:
-- Then we have a breakout above the historical trendline (light blue). The trendline is pulled from April 2018 wick to wick and the second touch has been on September 2018. It is interesting that we have still some historical down-trendline on XRP chart, BTC has left those behind for a while ago! So, a breakout above the last down-trendline can easily release some bullish momentum.
-- Then the price has managed to break above the light orange area. This area is the strong resistance zone where it has multiple rejections downwards. Breakout will be a confirmation that in the future, this level starts to work as a support and the price has reached above of it.
-- Then we have a breakout above the counter trendline. This black trendline from the current top is a slight down-trendline which is also a counter trendline for mid-term trend.
If the Daily candle gets a close inside the green area then we have a breakout from those pretty bullish criteria. If the breakout occurs as soon as possible then currently, we have a really nice breakout confirmation for further growth - EMA 100 & 200 Golden Cross on the Daily timeframe! The Golden Cross is a great confirmation for further growth IF the breakout has occurred and confirmed!
Golden Cross:
As said, the breakout confirmation area is pretty simple and clean, why? Because the resistance around $0,45 is heavy as hell!
Can't give the SELL signal inside the orange area, around the trendlines crossing area but we might get it if the BTC reaches into the $9,500 - $10,000 and it shows some bearish signs inside of that range, definitely if this happens I make an update!
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
After the needed confirmation:
-- Then we have a breakout above the historical trendline (light blue). The trendline is pulled from April 2018 wick to wick and the second touch has been on September 2018. It is interesting that we have still some historical down-trendline on XRP chart, BTC has left those behind for a while ago! So, a breakout above the last down-trendline can easily release some bullish momentum.
-- Then the price has managed to break above the light orange area. This area is the strong resistance zone where it has multiple rejections downwards. Breakout will be a confirmation that in the future, this level starts to work as a support and the price has reached above of it.
-- Then we have a breakout above the counter trendline. This black trendline from the current top is a slight down-trendline which is also a counter trendline for mid-term trend.
If the Daily candle gets a close inside the green area then we have a breakout from those pretty bullish criteria. If the breakout occurs as soon as possible then currently, we have a really nice breakout confirmation for further growth - EMA 100 & 200 Golden Cross on the Daily timeframe! The Golden Cross is a great confirmation for further growth IF the breakout has occurred and confirmed!
Golden Cross:
As said, the breakout confirmation area is pretty simple and clean, why? Because the resistance around $0,45 is heavy as hell!
Can't give the SELL signal inside the orange area, around the trendlines crossing area but we might get it if the BTC reaches into the $9,500 - $10,000 and it shows some bearish signs inside of that range, definitely if this happens I make an update!
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Note
My new BTC idea post:![BITCOIN [$9,500-$9,650] Keep an Eye On It!](https://s3.tradingview.com/7/7dsCX5hh_mid.png)
Cheers!
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