Ripple breaking upwardsAs was expected the XRPBTC pair gained volumes in the support zone and moved upwards, staying above the 200 days EMA, 61.8% Fibo and 0.0001 psychological level.
Now the pair is testing the 0.0012 resistance (also 50% Fibonacci level), and regarding the high volumes and upward momentum seems to be breaking it.
In case of breakthrough - next resistance would be around the 0.00015 level, which coincides with the 38.2% Fibonacci retracement of the global uptrend. Minor resistance is on the 0.00013 (last peak).
Ripplebtc
Is Ripple preparing for launch?Ripple is already known as safe heaven of cryptocurrency market. In last couple of weeks this corelation (Bitcoin down, Ripple up) fade out. Probably because whole market plunged.
But if You look closer on XRPBTC, You might see a crawling bull market ahead. Pair has created a huge triangle which is already breaking from the top. Looking on the orderbooks on Bittrex and Binance we can clearly spot a growing demand near the 9000 satoshi.
Going long right now might be quite risky but XRPUSD is definitely an asset which should be observed in next couple of days.
Ripple , Great Long-Term Hunting Opportunity in #XRPBTCTechnical analysis:
RIPPLE is in Range bound but Resumption of uptrend is expected.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 37.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0000869 to 0.0000582), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.0000869)
.Ending of entry zone (0.0000582)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.000128 (First Target)
TP2= @ 0.000146 (second Target)
TP3= @ 0.000178 (Third Target)
TP4= @ 0.000229 (Fourth Target)
TP5= @ Free
XRR - RIPPLE Short Term Profit ForecastRIPPLE XRP needs to hold the 61.8% fibo support area to change trend and stay on the upside.
As long as it holds that support level we can definitely see the price going towards the 38.2% fibo resistance
area for short term profits. There will be some testing done when it approaches the 50% resistance level
and buying volume will play a big role here to push the price upwards to reach the 38.2% Fibonacci, But until and unless
the over all trend and sentiment changes about the crypto currency it will stay range bound till that time.
Ripple - All indicators are bearish, bullish cycle is over.Hello,
So It seems like the bullish cycle is over. The daily MACD is bearish, the coral trend indicator is bearish and volume is decreasing.
This cycle looks exactly like the previous bearish cycle and based on that we can tell that a downtrend for the next couple of month is a really high possibility.
Here is my previous ripple analysis.
Good luck,
DCFreak
XRP FutureKRAKEN:XRPUSD
I was analyzing what is happening with XRP and I found this seeing XRP/BTC chart.
I have to say that I´m bullish on XRP and actually I´m trading a long position since last week.
But have to say that this really caught my attention as it has a lot of similitude with the development the pair had in the past and it has being using some of the main support/resistances now to form what seems to be an almost exact figure.
If this continue to run as in the past, it is suggesting that XRP will go even lower than last week. In the other hand, analyzing XRP/USD we have some bullish signals that are at stake and will be more clear within the next 2 days to confirm a new uptrend or a continuation of the downtrend, whatever XRP does, I will be posting further analysis and updates.
Stay tunned
XRP bull run overXRP finally looks like it has no more fuel for a bull run and a major correction is inbound. Volume is decreasing and it couldt move past sma 21 just like at previous correction.
The downtrend could continue for the next couple of months and a great buy in would be around 1000 sat or lower, than another bull run is bound to happen.
"It's not personal. It's strictly business."
Could we be at the bottom of a cup and handleOf course this is a very forward thinking idea, but with high risk come high rewards ... just thinking, what if we are at the bottom of a cup and handle?
If we are, I would buy now and hold until 14000, wait for the handle to form again and buy back at around 13500 and then ...
This is a high risk strategy... but, if it works ... :)
Keep an eye on the cup and handle, if neither works then everything falls apart.
Keep updating your stop order to a little below 10% the current price so you can get out asap