Ripplebreakout
Ripple above major support, prepare for a potential bounce!
Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It also has good upside potential.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple bounced perfectly as forecasted, prepare for bounce againRipple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RIPPLE (Retest present bottom)Hello Traders!
The Correction phase, do not over. We accurately predict, stop decline tendency. So, yesterday we saw, first rebound, then should wait present bottom retest, next step the creation of balance and after that Strong Uptrend!
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Personal gratitude!
Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be careful with Ripple, cause of adverse fundamenatl factors!
"Hi, do you think that with the low market volume of last days is compatible with a trend break this week in both Ripple and BTC -6.39% that have been severely punished by the impact of news from Korea last week?
The volumes are approximately 15% of those operated in the first week of January. The trends will be defined I think when the money returns to the market I think. Tks 1.50% ."
We are sincerely grateful to you! Respect! Big thanks!
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Ripple on major support, prepare for a bounce!Ripple is testing major support at 0.8614 (78.6% Fibonacci retracement, horizontal overlap support, channel support)and a strong bounce could occur at this level to push price up towards 1.5341 resistance (50% Fibonacci retracement, horizontal pullback resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RIPPLE (Correction continue)Hello Traders!
The Correction phase, do not over. We accurately predict, weak decline, then rebound, creation of balance and after that Strong Uptrend!
-------------------------------------------------------------------------------------------
Personal gratitude!
Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be careful with Ripple, cause of adverse fundamenatl factors!
"Hi, do you think that with the low market volume of last days is compatible with a trend break this week in both Ripple and BTC that have been severely punished by the impact of news from Korea last week?
The volumes are approximately 15% of those operated in the first week of January. The trends will be defined I think when the money returns to the market I think. Tks."
We are sincerely grateful to you! Respect! Big thanks!
Best regards, team traders "Powerful Traders".
Ripple Bounced Off Support - Gains Ahead? Ripple's correction was trading in a downwards channel and was facing major support around 1.6, which if it broke 1.6 would have likely gone lower. Instead, Ripple bounced off support at 1.6 on news of a partnership with Moneygram - and heavy buying started to occur with high volume. Moreover, XABCD pattern indicates bullish bias. All coins have sold off on news of South Korea banning exchanges - which the Korean government clarified will likely not go into effect.
Pennant Pattern on ripple, Building UP.We can clearly see Pennant pattern building on ripple, Since the volume is giving the bullish sign and trend says so as well, will go up probably , the question is when. We should look for a break above resistance signals that the previous advance has resumed. If in case goes bearish , look for a break below support signals that the previous decline has resumed.
Thumbs up if you agree.
Just a learner.
Constructive criticism is always appreciated.
Thank You.
Ripple update: 100%+ profit! Profit of the panic!Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. I have had some very busy days, so I didn't post new ideas past days. I'll be more active from now again and I'll also provide you with some (penny)stocks and currency. But for the most part I will focus on cryptocurrency. Because this is my first idea of this year, I'll provide with a more detailed analysis than usual.
What we saw was a great correction past days. I really like this corrections, because it makes things clearer for the long term and it always brings us new chances. Where other people hates it.
We perfectly tested the 0.618 level. And what we see now are three hammers in a row. A close above the 20ma will confirm our strong uptrend. A close below the 20ma means a weakening of our uptrend, but our trendline is still a strong support. A close below this support (Blue line) will confirm a bearish signal. Besides that MACD turned bearish. We also saw a death cross (Crossover 50ma/200ma) on the hourly chart. We must not ignore this signal, but this isn't a strong sign in my opinion, because the volatility of crypto are very high. A close below below the blue confirms a correction to 1.28.
In summary: I'm still bullish on Ripple and I think we can look for higer levels again.
Bullish signals:
- Three hammers in a row.
- Bounced 0.618
- A close above 20ma (Purple line)
- A close above trend line (Blue line)
Bearish signals:
- Macd
- Death cross
- Close below 20ma
- Close below blue trend line.
Long targets:
- 2.27
- 2.74
- 3.20
- 3.49
- 4.08
Short targets: (If a day candle closes below blue support line)
- 1.28
Good luck!
At the moment of writing, I've have a big position in XRP.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
XRP is finally looking upXRP is looking promising to break back to the upside. This could potentially become an ABCDE correction If the day continues its bearish start. I don't foresee price falling below demand zone of $1.91 even if this trend is broken. I'm curious to see how this plays out. This is NOT financial advice, strictly my opinion on the direction in which XPR is headed. Feel free to leave feedback as this is my first publicized chart.
Long term trend is still highly bullish even considering the short term bearish movement.
XRP; 2 strategies. $4.12 long term target! Another explosion? Risk: Low/ Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. I just started posting since this month and and I see a rapid increase in the number of followers. I really appreciate it when you like my ideas, this helps me to reach more people and to provide you with even better charts. :-) Because my channel is increasing just as fast as Ripple. Sometimes I can't respond to everyone (It's not personal ;))
I received a lot of questions about buy back levels for not missing the train again, so I made two strategies for you. I put the risk on medium, because a pullback is logical after this rapid increase. We reduce the risk with these strategies:
1st strategy:
Buy: If an hour candle closes above the blue horizontal line. (yellow arrow)
(Click the play button on the chart for confirmation)
2nd strategy (long term):
Buy back in levels:
1.88 (Buy small)
1.72 (Buy/add medium)
1.52 (Buy/add medium)
1.25 (Buy/add big)
Targets:
Target 1: 2,78
Target 2: 3,05
Target 3: 3,49
Target 4: 4,08
Support levels: Raising blue lines, fibbo levels and 50ma.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!