Ripplebtc
XRPBTC Update: Profit=2390 SL= 420 Reward/Risk > 5.7:1 Trade Setup summary:
Profit targets=2390 pip (290 + 850 + 1250)
Stop Loss =420 pip
Reward/Risk > 5.7: 1
Current Status:
Total Profit: 1904 pip
Closed trade(s): 1188 pip Profit
Open trade(s): 716 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002178 based on 'previous Forecast' at 2020.07.18 :
Closed Profit:
TP1 @ 0.00002250 touched at 2020.07.26 with 72 pip Profit.
TP2 @ 0.00002360 touched at 2020.08.01 with 182 pip Profit.
TP3 @ 0.00002500 touched at 2020.08.02 with 322 pip Profit.
TP4 @ 0.00002790 touched at 2020.08.03 with 612 pip Profit.
72 + 182 + 322 + 612 = 1188
Open Profit:
Profit for one trade is 0.00002536(current price) - 0.00002178(open price) = 358 pip
2 trade(s) still open, therefore total profit for open trade(s) is 358 x 2 = 716 pip
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.00002500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below TP2
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XRPBTC Update: Profit=2390 SL= 420 Reward/Risk > 5.7:1 Trade Setup summary:
Profit targets=2390 pip (290 + 850 + 1250)
Stop Loss =420 pip
Reward/Risk > 5.7: 1
Current Status:
Total Profit: 1904 pip
Closed trade(s): 1188 pip Profit
Open trade(s): 716 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002178 based on 'previous Forecast' at 2020.07.18 :
Closed Profit:
TP1 @ 0.00002250 touched at 2020.07.26 with 72 pip Profit.
TP2 @ 0.00002360 touched at 2020.08.01 with 182 pip Profit.
TP3 @ 0.00002500 touched at 2020.08.02 with 322 pip Profit.
TP4 @ 0.00002790 touched at 2020.08.03 with 612 pip Profit.
72 + 182 + 322 + 612 = 1188
Open Profit:
Profit for one trade is 0.00002536(current price) - 0.00002178(open price) = 358 pip
2 trade(s) still open, therefore total profit for open trade(s) is 358 x 2 = 716 pip
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.00002500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below TP2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
XRP/USDT: Hidden Bullish Divergence Analysis 4H (Aug. 08)X Force Global Analysis:
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In this post, we analyze XRP's hourly chart, assessing its probable bullish and bearish scenarios for the short term.
Analysis
- To begin with, XRP has been consolidating within a bullish pennant pattern
- Prices have been creating lower highs and higher lows
- While bears have attempted to break the structure, bulls have managed to secure significant trend line support
- There is a hidden bullish divergence in play, with higher lows on the price, and lower lows on the indicator
- The Relative Strength Index (RSI) is at neutral zones, showing potentiality for a breakout
- The Moving Average Convergence Divergence (MACD) has shown increasing bearish histograms, but seems to lack momentum for a golden cross formation
- The Stochastic Oscillator has recently formed a golden cross at neutral levels as well, but is looking to get negated as there is a lack of momentum in the trend.
- The Simple Moving Averages (SMAs) are all aligned in the order of: 20, 50, and 100 SMA
- Prices have tested the lower bollinger band support
- Prices have managed to bounce on the Ichimoku cloud support
- For XRP to retest its new lower high, it must first break and close above the 0.618 Fibonacci resistance, providing confirmation
What We Believe
We believe that XRP's short term technicals demonstrate potentiality for a small breakout, possibly leading to a formation of a new lower high. However, for for further continuation, XRP would have to break and close above the bullish pennant structure.
Let us know what you think in the comment section below
Trade Safe.
XRP/USDT: Overextended Peak Analysis 1D (Aug. 08)X Force Global Analysis:
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In this analysis, we take a look at XRP's daily chart to assess the bullish and bearish probabilities.
Analysis
- Similar to Ethereum, XRP has been on a parabolic rise without having had any real corrections
- Prices have overextended above the envelope indicator
- There has been a massive selloff in Aug. 02, and the volume has been decreasing dramatically since
- The Relative Strength Index (RSi) is at overbought levels, forming lower highs and lower lows
- The Moving Average Convergence Divergence (MACD) shows a potential death cross with decreasing bullish histograms
- The Stochastic Oscillator also shows a death cross, close to the overbought regions
- However, at the same time, bulls have managed to secure the 0.236 Fibonacci support
- Prices are trading above the Ichimoku Cloud, which currently shows convergence with the 0.5 Fibonacci support
What We Believe
In essence, there is no volume to support a continuation of this further uptrend, and technicals suggest a higher probability of a reversal. However, even if a corrective trend plays out, on the bigger picture, the overall bullish trend will remain valid.
Let us know what you think in the comment section below
Trade Safe.
XRPBTC Breaks out of a Falling WedgePOLONIEX:XRPBTC
As you can see on the chart, on a weekly basis, XRPBTC has broken out of a huge Falling Wedge, the last time that happened, back in March 2017, XRP climbed about 23.5 to 1 in terms of Bitcoins since the breakout, and about 60 to 1 in terms of U.S. dollars. In a period of about 55 days. I expect something similar could happen again.
XRP broke out of its Weekly Falling Wedge about 10 days ago, and it seems that a huge move is underway. If it where to take the same time as it did in the past, it will mean that it will still had about 45 days of upside move to go, which will put us on September 21, 2020.
Also, if it were to climb the same percentage as last time, that would put the price of XRP at about 50,000 Satoshis per XRP.
There is no guaranteed that the past will repeat itself, but taking things into perspective, let’s just say I won’t be selling any of my XRP this month. Will see about that next month.
I hope you find this interesting and good luck to you.
XRP Followed Through Hitting 30 Cent!July 28th we updated you on a ripple breakout from the falling wedge pattern Retracement back from all time high.
Ripple has exploded since then and now risen to test the 30 cent Resistance level.
Based off this chart of the monthly we are in a very good position as you can see the candles and indicators shift green. This is ideal what we want to look for on a very longterm position.
Breakout of 30 cents should see another impulse towards 45 cent area.
As of now the daily chart has a very large impulsive move, now we want to see how price reacts around this level.
Continue holding for now.
XRPBTC: Time to rally like it’s 2017Since XRP’s rally in Dec 2017, white vertical line indicates that rally’s start, XRP has undergone a massive Wyckoff distribution, red lines used to indicate the typical distribution pattern, and it has undergone Wyckoff accumulation, as similarly indicated by green lines.
No price target. Historically, alt coin rallies are short lived and intense rallies. A similar rally could happen this month of June. Or, XRP price could keep posting slight gains compared to BTC for a time until that typical alt coin rally occurs.
XRP/USDT: Weekly Breakout Analysis 1W (Jul. 29)X Force Global Analysis:
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In this analysis, we explore XRP's weekly chart through bullish reversal patterns and the Elliott Wave theory.
Analysis
- To begin with, it's important to note that XRP has been consolidating within a descending wedge for a very long time
- A bullish descending wedge during a downtrend is typically identified as a bullish reversal pattern
- XRP is currently testing the Ichimoku cloud resistance, and a break and close above for confirmation is necessary for further rally
- The Relative Strength Index (RSI) has broken out of a descending trend line resistance, reaching record high levels in months
- Nevertheless, the RSI remains at neutral levels
- The Moving Average Convergence Divergence (MACD) has formed a golden cross a while back, but seems as though the trend lacks momentum to drive prices forward to new highs
- Counting Elliott Impulse Waves (12345), we could expect this current uptrend as wave 3 playing out.
What We Believe
While XRP's setup remains extremely bullish, we have yet to witness an actual breakout through the descending trend line resistance and the Ichimoku cloud. Should confirmation be provided, we could expect a bullish rally leading to record high levels this year.
Let us know what you think in the comment section below
Trade Safe.
XRP/USDT: Bullish Elliott Wave Analysis 1D (Jul. 29)X Force Global Analysis:
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In this analysis, we analyze XRP's daily chart through bullish patterns and Elliott Wave analysis.
Analysis
- To begin with, XRP has broken out of a bullish descending wedge
- After having formed Elliott Impulse Waves (12345), Prices started consolidating as it formed Elliott Triangle Waves (ABCDE)
- Since it has broken out, it seems as though prices are forming an impulse wave pattern once again
- Using Fibonacci retracement and pattern analysis, we could expect the breakout to lead to 0.265 USDT
- The Relative Strength Index (RSI) is at overbought territories, but shows tremendous trend strength
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms as a sign of strong momentum.
What We Believe
We believe that XRP is on its way to complete the breakout pattern from the descending wedge, and given that it provides further confirmation of a potential bullish rally on the longer time frames, we could even expect potential new highs.
Let us know what you think in the comment section below
Trade Safe.
XRP/USDT: Corrective Waves Above Strong Support 1H (Jul. 29)X Force Global Analysis:
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In this analysis, we explore XRP's hourly chart, identifying key areas of interest by assessing significant support zones.
Analysis
- Just as many other altcoins on a rally, XRP is currently trading within an ascending parallel channel, forming higher lows and higher highs
- The Simple Moving Averages (SMA) are in bullish formation, with the 20 SMA at the very top, and the 50, 100, and 200 SMAs trading below as support
- Prices are also trading above the Ichimoku Cloud, as it has even bounced on the cloud before forming impulse waves
- From an Elliott Wave perspective, XRP has formed Elliott Impulse Waves (12345), and is now looking to complete an Elliott Correction Wave (ABC)
- Using the Fibonacci retracement, we could expect wave C to play down to the 0.382 Fibonacci support
What We Believe
While the overall trend remains bullish for XRP, it's important to wait for optimal entries to maximize one's position, by keeping an eye on significant support regions mentioned above.
Let us know what you think in the comment section below
Trade Safe.
XRP/USDT: Approaching Immediate Term Resistance 15m (Jul.29)X Force Global Analysis:
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In this analysis, we explore XRP's 15 minute chart, identifying key support and resistance zones to determine its probable scenarios.
Bullish Evidence
- To begin with, it's important to note that just as many other bullish altcoins, XRP is trading within an ascending parallel channel.
- It has been creating higher lows and higher highs
- The 20 Simple Moving Average (SMA) has formed a golden cross with the 50 SMA, providing strong support for XRP
- It has been going through phases of consolidations and breakouts. It recently broke out from a bullish pennant, and is currently consolidating once again
- We also see a hammer candle marked by the green circle, indicating strong buy interest near support zones.
Bearish Evidence
- However, it's important to note that we are trading close to the channel resistance
- We are also seeing local resistance at 0.23388 USDT, where the previous high candle had closed
- A break and close above these resistance levels are necessary for further bullish movement.
What We Believe
We believe that it's important for traders to wait for confirmation on XRP's price movements for now. While the bullish momentum is apparent, prices are trading near temporary resistance levels.
Let us know what you think in the comment section below
Trade Safe.
Ripple, 2 Week Shifts Green, Falling Wedge Breakout? (XRP)As the other top contenders in cryptocurrency have been on a breakout mission as of lately... xrp ripple has been floating near the bottom of major support level aligned with the previous horizontal support level during the 1st major bullrun.
It is good to see it start to try and make that transition here. On the larger timeframe of a 2 week chart we see a potential falling wedge in play and currently a breakout formation.
This is an edge play. Strong impulse should send it back to 28-30 cents to test the previous break on an old support level, which is recent high and now Resistance.
XRP/BTC 1W Jul. 25Suggested Entry: 2160
Target 1: 1915
Target 2: 1750
Target 3: 1560
Stop Loss: 2330
In a glance, the long term setup for XRP looks promising; it is trading within a descending wedge during a downtrend, which is a textbook pattern of reversal. However, it's important to take into consideration the fact that we have a 30% upside from a short position we could take. Candle patterns are showing a lack of bullish momentum, forming sequential doji patterns. Significant resistance levels are marked in red, support marked in blue. As the setup is inherently bullish, risk management is especially important for this particular position.
Don't miss the great buy opportunity in XRPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.00002250
TP2= @ 0.00002360
TP3= @ 0.00002500
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below S2
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. . . . . Please show your support back,
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💎 Want us to help you become a better Forex trader ?
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in XRPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.00002250
TP2= @ 0.00002360
TP3= @ 0.00002500
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️