Unveiling the Falling Wedge: XRP Short-Term Boon Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart
In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge, exploring its characteristics, how to identify it on a 4-hour chart, and strategies to leverage it for short-term gain.
Understanding the Falling Wedge
The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside.
This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start to accumulate, anticipating a potential breakout and price increase.
Identifying the Falling Wedge on a 4-Hour Chart
The 4-hour timeframe offers a sweet spot for day traders, providing a balance between short-term volatility and clear trend direction. Here's how to identify a falling wedge on your 4-hour chart:
1. Trendline Construction: Draw two trendlines, one connecting the swing highs (peaks) and another connecting the swing lows (valleys). Ensure both lines are sloping downwards, forming the wedge shape.
2. Convergence: Observe how the trendlines converge as the price action progresses. The closer the trendlines get, the more likely a breakout becomes.
3. Volume Confirmation: While not a definitive indicator, an increase in trading volume accompanying the price move towards the wedge's apex (point of convergence) can strengthen the breakout signal.
Key Points to Remember:
• The duration of the wedge formation doesn't have a set timeframe, but longer wedges tend to have stronger breakout potential.
• The tightness of the wedge (how close the trendlines are) also influences the potential force of the breakout. Tighter wedges generally suggest a more explosive move.
• False breakouts can occur, where the price pierces the lower trendline only to fall back within the wedge. Proper risk management is crucial in such situations.
Strategies for Short-Term Gain
Once you've identified a valid falling wedge on your 4-hour chart, here are some strategies to exploit the potential short-term gain:
1. Breakout Entry: Enter a long position (buying) once the price decisively breaks above the upper trendline. This breakout signifies a reversal in bearish momentum and a potential price increase.
2. Price Target: Set your initial profit target at a level equal to the height of the wedge. Measure this distance from the breakout point and project it upwards.
3. Stop-Loss Placement: Place your stop-loss order below the lower trendline of the wedge. This limits potential losses if the price falls and breaks the support level.
4. Trailing Stop-Loss: Consider employing a trailing stop-loss as the price moves in your favor. This adjusts your stop-loss automatically, locking in profits while allowing for some price fluctuations.
Additional Considerations for Success
While the falling wedge offers a promising setup for short-term gains, remember that successful trading requires a holistic approach. Here are some additional factors to consider:
• Market Context: Analyze the overall market sentiment and any relevant news events that might influence the price action.
• Technical Indicators: Combine the falling wedge with other technical indicators like Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to confirm the breakout signal.
• Risk Management: Always prioritize risk management by using appropriate stop-loss orders and position sizing.
Understanding the falling wedge and the strategies discussed empowers you to identify potential short-term trading opportunities on the 4-hour chart. Remember, consistent practice, a balanced approach, and proper risk management are key ingredients for success in navigating the ever-evolving world of day trading.
Ripple
$XRP Ripple Respecting Rising Channel for 2years... What Next?CRYPTOCAP:XRP Ripple has been respecting this channel for 2years since June 2022 (Weekly Timeframe)
Current price: $0.52
Ripple's price action is currently outside the Rising channel, Only two things can happen:
1. Price action can reclaim rising channel and move to higher prices with resistances: 0.63, 0.74, 0.85, 0.95
Or
2. #XRP can continue to break down to retest major support around 0.4
XRP ETF NEWS SOON (Fake probable)322 (369)XRP ETF NEWS SOON (Fake probable)322 (369)
This is my numerological analysis that allows me to understand where the price can go, as for me now will be growth, follow the chart to find patterns, thanks to all space friends, I will soon start researching you and will complete the article. As they say space to ground
XRPUSD - Bull Dreams Price has been moving relatively sideways since the blast off in 2017 if you use these horizontal channels
The circles placed is the middle of the structure within each horizontal channel. Assuming a great bull move to come this creates a similar structure to the pre 2017 XRP.
Bullish XRPUSD on this Weekly timeframe
XRP Price Danger Zone: Key Support Levels to WatchRipple's (XRP) price has seen a significant decline after failing to maintain the critical support level at $0.4840. This drop led the currency to fall to the $0.4750 level, raising concerns among traders about the possibility of further losses in the near future.
XRP has faced strong selling pressure, causing it to trade below the $0.4880 level and the 100-hour Simple Moving Average (SMA). With continued bearish pressure, it has become essential to closely monitor key support levels such as $0.4740 and $0.470. If XRP manages to hold these levels, we might see attempts to regain some bullish momentum. However, breaking below these levels could indicate further declines towards the next support level at $0.450.
This article will focus on analyzing the current situation of XRP's price, highlighting the important support and resistance levels that traders need to monitor carefully to protect their capital and avoid potential risks.
Resistance Levels:
First resistance level: $0.4820
Second resistance level: $0.4850
Key resistance level: $0.4950
Next resistance levels: $0.5050 and $0.5250
Support Levels:
First support level: $0.4740
Second support level: $0.470
Next support level: $0.450
Current Trend:
The currency is currently trading below the $0.4880 level and the 100-hour SMA.
There is a downward trend line forming with resistance at $0.4880.
Buying at Support:
It is preferable to wait until the price reaches the key support levels ($0.4740 and $0.470) before making a buying decision, as these levels represent strong support points where the decline is expected to halt and the price might start to rise again.
Buying at these levels can provide an opportunity to acquire the currency at a low price, increasing the likelihood of achieving profits when the price rebounds upwards. This way, risks are minimized, and the chances of benefiting from future upward movements in the market are increased.
Taking Profits at Resistance:
In case of a price rise, the mentioned resistance levels ($0.4850 and $0.4950) can be identified as areas to take profits. Resistance levels are points on the chart where the price is expected to face difficulty in continuing to rise, and it might stop or decline due to a large number of sellers willing to sell at these levels.
Therefore, when the price reaches these levels ($0.4850 and $0.4950), traders can decide to take profits from the purchases made previously at the support levels. This helps secure their profits before the price declines again.
It is important to monitor price movements around the $0.5050 level, as this level is considered a key resistance. If the price exceeds this level and stabilizes above it, it might indicate strong buying momentum and continued upward movement. In this case, the price is expected to rise towards the next resistance level at $0.5250, providing an additional opportunity for greater profits.
Hence, monitoring price movements around these important levels can help traders make informed decisions regarding taking profits and managing their investments effectively.
Risk Management:
If the price breaks the $0.470 support level and closes below it, it might indicate further decline towards $0.450. In this case, stop-loss orders should be placed below the $0.470 support level to avoid further losses.
Caution and effective risk management are crucial to avoid significant losses in case of any sudden market fluctuations.
GTAI/USDT 4-Hour Chart Analysis : Bulls Are Coming Back ? (READ)Upon analyzing the GTAI/USDT chart in the 4-hour timeframe, we notice that after the price broke through the liquidity above $1.24, it began a correction phase. Currently, it is trading around $1.055.
Key Insight: The $0.98 to $1.02 range is a crucial zone to watch for a potential BUY position.
Potential Targets:
First target: $1.1165
Second target: $1.2240
Third target: $1.28
Stay tuned for further updates!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XRPUSD 1 year supportHi, welcome to my analysis.
Today Ripple reach a very strong support level at 0,4706
This support create nearly 1 year ago at 13 July 2023, and as you can see, that sometimes ripple pump after touch this suport.
If ripple able to hold bearish, my near term target at 0.6925 resistance with almost 50% profit projection.
Ripple: SlumpedXRP slumped again last week. As before, we primarily expect a breakout to the downside. The coin should slide below the support at $0.2874 before it completes the magenta wave (c) and thus the blue wave (v). Only then should there be a trend reversal and a strong upward impulse. Should the price rise above the resistance at $0.9479 earlier, this will trigger our 37% probable alternative scenario. In this case, the magenta-colored wave alt.(d) is already underway.
XRP will highly likely go to 6-8 USD soonI have to say that I almost finished my analysis but somehow my page got refreshed and it got lost..
So I will summarize what I wanted to say:
Pattern recognition is important and are (magnified) copies, and following signs are bullish:
* Compare the blue and pink rectangulars
* we are hovering above the 200 ema
* if we have a break-out of the pink rectangular, we will probably hang below the yellow descending trendline
* If we break-out we will most likely see very rapidly ATH or 3-3.2 usd
First bullrun around end of 2017 was around 1600% which will be repeated from this level 0.48-0.5 usd..
which results in a level of around 8 usd or exactly the 2.618 FIB level !
I might think a 3th wave will pass the 3 usd level to come back as support in a 4th wave and meet the 6-8 usd in a 5th wave.
On a macroeconomic scale it looks all clear and the graph is quite clean for a run-up after a long 6 years consolidation!
I think there is much momentum made as we didn't have a ATH in previous bullrun after covid.
So the potential is enormous as XRP has a decent bottom and support around the 0.3-0.5 usd level.
Also remember when there was a crash in USDT several years ago..everyone ran into XRP which was quite atonishing.
It is somehow a reserve currency and could take out ETH in the a second spot which it did already briefly in jan. 2018 !
I foresee a bullrun like end 2017 with a start after 2nd quarter, so end of June this year... which will have a peak again at the end of this year.
Updated monthly chart of the XRPUSD Symmetrical TriangleWe just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back their bow before releasing the arrow and letting it fly forward. So it’s also quite common to see price dip below the bottom trendline of a pattern right before the breakout upwards. Meaning, there’s still an opportunity for a correction that dips below this triangle before the break upward which would be a nice opportunity to accumulate a little at a discount if it were to occur. Either way the current dump we have experienced gives me confidence that a breakout is right around the corner. On the linear chart the breakout target for the triangle is right around $2.36-$2.40. The logarithmic measured move has us eventually reaching a target of around $11.47 or so but that is likely to take a fairly longer amount of time to reach the target of. I posted another chart of this triangle logarithmic mode and will link that chart link down below. *not financial advice*
XRP is bullishXRP structure looks bullish on hourly time frames.
We have a bullish iCH on the chart and the trigger line is broken.
By maintaining the demand, it can move towards the targets.
Closing a 4-hour candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
GTAI/USDT : Big Rise Ahead ? (READ CAPTION)By analyzing the #GTAIUSDT chart on the 12-hour timeframe, we can see that after the last analysis, the price started to decline as expected, collecting liquidity below $1.26. After this occurred and the price dropped to $0.94, it faced heavy buying pressure and surged over 50%, reaching $1.45. The price is now trading around $1.2670, and by maintaining support in the $0.94 to $1.10 range, we can expect further growth for this cryptocurrency. The next targets are $1.45, $1.76, and $2.38, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XRP'S ASCENDING CHANNEL FOLLOW UP! 🔥 Hey hey, hope everyone's been well, here we are once again, coming through with a quick follow up for you guys on behalf of our previous idea. As always, thanks for joining me for a bit, appreciate it!
🔥 In our last idea we added that ascending channel and highlighted the fact that we didn't want to lose it else we'd likely fall and that's exactly what ended up happening. Here's a link to the idea, chart below for anyone that'd like to check it out:
🔥 We already knew we we're testing that support since we'd already had one touch there and we're fighting with the 200 EMA before we ultimately lost it, compare that to today's chart and we can see how we've been flowing through these channels which I've now added in the blue lines to make things simple.
🔥 The ascending channel took us down before we hit that support at 0.5146 by which then once we got that retest of the horizontal level bulls we're able to reverse things and we've even managed to regain the 200 EMA which is just great to see of course. That's what we like. In reference to the ascent I've added this ascending channel which we can see in depth below on a shorter time frame:
🔥 Judging by our current ascent, what matters is whether or not we keep above 0.526, if we can't keep above that horizontal level and our 20, 50 EMA's flip then expect some sort of retracement, especially if we lose that 200 EMA again. Just keep an eye on the horizontal levels which are in black and our ascending channel (within the blue lines). That's about our best reference points for now.
🔥 I've got to run, said this idea would be short and quick and so we'll leave things there for now, simply wanted to share some thoughts and all real quick with this follow up, we'll do a bigger picture analysis over the week too so keep posted for that! Thanks as always and till next, have a great day!
~ Rock '
BITCOIN (BTC) : Bitcoin's 12-Week Plateau: Bullish Targets AheadBy analyzing the weekly (logarithmic) chart of #Bitcoin , we observe that the price has been trading around the $70,000 range for the twelfth consecutive week, showing no clear trend! Despite this sideways movement, I remain bullish on Bitcoin. My targets are $77,000, $85,000, and ultimately $100,000!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XRP HASN'T HAD ITS BULL CYCLE SINCE 2017 - CryptoManiac101XRP / USD TA
1. Price Levels and Movements:
- The current price is around $0.51995.
- There is a notable high point at around $4.50000, which will be our first major target.
- The chart displays moving averages with different colors:
- Green (around $0.58892)
- Blue (around $0.56800)
- Red (around $0.55173)
2. Technical Patterns:
- A large symmetrical triangle pattern formed by yellow trendlines.
- A highlighted blue rectangle indicating a key area of price consolidation or interest.
3. Historical Context:
- The chart covers XRP’s price history from around 2013 to 2025.
- Significant historical price spikes, particularly in 2017 and 2018, are visible, which is what we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles.
4. Future Projections:
- The symmetrical triangle pattern suggests a potential breakout. The breakout direction is not explicitly stated but is implied by the structure of the triangle. Historically such patterns have a high likelihood of breakouts when they reach 75% completion. Currently we are at around 88%-93% completion.
Overall, this chart is a technical analysis of XRP’s price, highlighting historical patterns, key levels, and a potential breakout scenario based on the symmetrical triangle pattern. The chart also incorporates moving averages and custom market indicators to provide additional context and insight into price movements.
XRPUSD Ripple/US Dollar Bearish Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist XRPUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
💎 SHIB/USDT (Shibainu) : Ready for another Bullish move? (READ)By analyzing the #Shibainu chart in the weekly timeframe, we can see that since the last analysis (2 years ago) until now, this cryptocurrency has grown by more than 350%. This growth is mainly due to two consecutive weeks of pumping, which caused the price to rise to 0.000045. Currently, the price is trading around 0.000025, and I expect that with stabilization in this range, we will see another upward movement. However, note that with the recent growth, Shiba has created a large FVG (Fair Value Gap) that I expect to be filled in the long term. The first probable target for this cryptocurrency is 0.000045.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
DOGECOIN (DOGE) - Investment Opportunity (READ THE CAPTION)By examining the #DogeCoin chart on the weekly timeframe (logarithmic), we observe that the price has increased by more than 18% since the last analysis and is currently trading around $0.165. I continue to anticipate an explosive growth for DogeCoin in the near future. The most significant demand zone is between $0.075 and $0.091. The upcoming price targets are $0.229, $0.35, $0.374, and $0.75. The expected long-term return for this cryptocurrency is over 300%.
The Main TA :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XRP - 90% Probability trade!Hello Traders and Investors, today I will take a look at XRP.
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Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
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Keep your long term vision,
Philip (BasicTrading)
More BAD NEWS for XRP !!BINANCE:XRPUSDT & BINANCE:XRPBTC
The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above):
XRPBTC is about to head for previous lows, during which time the price of XRP was 0.23c:
This further supports my suspicion that XRP may be heading back to the 0.20s, as seen here:
It is, however, important to note that each time the XRPBTC hits the bottom of a triangular consolidation, there is a small increase in the price. This could mean that we see another leg up before dropping lower:
as you can see from the chart, we are now nearly back at XRPBTC level's that lead to the previous parabolic pump. Will this time be the same? I don't think so. XRP has been showing extreme weakness. However, it never hurts as a small part of a diversified portfolio... just for incase.
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🔥 XRP'S ASCENDING CHANNEL 🔥🔥 Hey hey! Hope everyone's doing well, this is gonna be a pretty quick idea so feel free to tune in for a short bit, thanks!
🔥 In our last XRP idea, chart which is linked below we added in this ascending channel and some horizontal channels to help keep a reference on the chart.
🔥 Since that idea we see a couple things have happened notably. I've extended the ascending channel with some dotted lines to represent the before, after. First point is that we managed to find support again at 0.525 and rebound, even after we'd lost the 200 EMA which brings us to where we're at now. So we managed to avoid losing our ascending channel and regain the 200 EMA again.
🔥 I'll keep this simple, we're at a pivot point, if bulls can manage to keep us from falling and losing the ascending channel then they can use it as a support and that'll help us push for higher prices. We did manage to hit that 0.537 before retracing so if we can pull back up, I'd expect it to give us a fight with 0.54 being the main battle. We break that and we could possibly see a breakout should we form that higher high for the last couple days.
🔥 Another case is that we lose the 200 EMA, we fall below and out the ascending channel and fall hard by which I'd refer to the horizontal levels we have to test for support and resistance levels should that happen.
🔥 Said this idea was gonna be quick and I have to get ready for work so we'll leave things there, simply wanted to come back to our chart and go over a couple things we're looking at currently. I know it ain't much but I simply wanted to make a quick follow up for now and we'll do a deeper technical analysis for our next idea.
🔥 Anyway, thanks for joining me for a bit, appreciate all of you guys as always! Here's to a good future for crypto. As always, many blessings till next and Keep tuned for more.
~ Rock '