Ripple - Daily Update - $XRP (Alternative Count "Wave 3")Bottom Line: Favoring higher against 0.2197.
Key Levels: Below 0.1890, 0.2197, 0.2287 Above 0.3039, 0.3272, 0.3440
Outlook: Considering a second wave correction ended and the early stages of a third wave rally have begun against 0.2197.
Analysis: The less than impulsive wave structure from the current pullback low at 0.2450 keeps us from confirming the end of the setback. For that reason, we can't rule out a further low before the larger advance resumes. At this stage, only very impulsive price action above 0.2675 would shift the odds in favor of a completed correction.
Rippledollar
Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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 52.
Take Profits:
TP1= @ 0.2984
TP2= @ 0.3100
TP3= @ 0.3250
TP4= @ 0.3496
TP5= @ 0.3793
SL= Break below S2
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Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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 52.
Take Profits:
TP1= @ 0.2984
TP2= @ 0.3100
TP3= @ 0.3250
TP4= @ 0.3496
TP5= @ 0.3793
SL= Break below S2
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XRPUSD Update: Profit=92000 SL=12000 Reward/Risk > 7.6:1 Trade Setup summary:
Profit targets=92000 pip (4000 + 9000 + 12000 + 17700 + 22300 + 27000)
Stop Loss = 12000 pip
Reward/Risk > 7.6 : 1
Current Status:
Total Profit: 33000 pip
Closed trade(s): 22000 pip Profit
Open trade(s): 11000 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19000 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.210 touched at 2020.07.23 with 2000 pip Profit.
TP2 @ 0.230 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.250 touched at 2020.07.29 with 6000 pip Profit.
TP4 @ 0.290 touched at 2020.08.01 with 10000 pip Profit.
2000 + 4000 + 6000 + 10000 = 22000
Open Profit:
Profit for one trade is 0.30000(current price) - 0.19000(open price) = 11000 pip
1 trade(s) still open, therefore total profit for open trade(s) is 11000 x 1 = 11000 pip
Technical analysis:
. XRPUSD 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 79.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.290
TP5= @ 0.340
TP6= @ 0.370
TP7= @ 0.427
TP8= @ 0.473
TP9= @ 0.520
SL= Break below TP2
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XRPUSD Update: Profit=92000 SL=12000 Reward/Risk > 7.6:1 Trade Setup summary:
Profit targets=92000 pip (4000 + 9000 + 12000 + 17700 + 22300 + 27000)
Stop Loss = 12000 pip
Reward/Risk > 7.6 : 1
Current Status:
Total Profit: 33000 pip
Closed trade(s): 22000 pip Profit
Open trade(s): 11000 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19000 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.210 touched at 2020.07.23 with 2000 pip Profit.
TP2 @ 0.230 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.250 touched at 2020.07.29 with 6000 pip Profit.
TP4 @ 0.290 touched at 2020.08.01 with 10000 pip Profit.
2000 + 4000 + 6000 + 10000 = 22000
Open Profit:
Profit for one trade is 0.30000(current price) - 0.19000(open price) = 11000 pip
1 trade(s) still open, therefore total profit for open trade(s) is 11000 x 1 = 11000 pip
Technical analysis:
. XRPUSD 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 79.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 0.290
TP5= @ 0.340
TP6= @ 0.370
TP7= @ 0.427
TP8= @ 0.473
TP9= @ 0.520
SL= Break below TP2
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XRPUSD Update: Profit=37000 SL=11000 Reward/Risk > 3.3:1 Trade Setup summary:
Profit targets=37000 pip (2000+ 4000 + 6000 + 10000 + 15000)
Stop Loss =11000 pip
Reward/Risk > 3.3: 1
Current Status:
Total Profit: 22700 pip
Closed trade(s): 12000 pip Profit
Open trade(s): 10700 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.21 touched at 2020.07.20 with 2000 pip Profit.
TP2 @ 0.23 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.25 touched at 2020.07.29 with 6000 pip Profit.
2000 + 4000 + 6000 = 12000
Open Profit:
Profit for one trade is 0.24350(current price) - 0.19000(open price) = 5350 pip
2 trade(s) still open, therefore total profit for open trade(s) is 53500 x 2 = 10700 pip
Break Even 0.19
Technical analysis:
. XRPUSD 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 79.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.223) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
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XRPUSD Update: Profit=37000 SL=11000 Reward/Risk > 3.3:1 Trade Setup summary:
Profit targets=37000 pip (2000+ 4000 + 6000 + 10000 + 15000)
Stop Loss =11000 pip
Reward/Risk > 3.3: 1
Current Status:
Total Profit: 22700 pip
Closed trade(s): 12000 pip Profit
Open trade(s): 10700 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.21 touched at 2020.07.20 with 2000 pip Profit.
TP2 @ 0.23 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.25 touched at 2020.07.29 with 6000 pip Profit.
2000 + 4000 + 6000 = 12000
Open Profit:
Profit for one trade is 0.24350(current price) - 0.19000(open price) = 5350 pip
2 trade(s) still open, therefore total profit for open trade(s) is 53500 x 2 = 10700 pip
Break Even 0.19
Technical analysis:
. XRPUSD 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 79.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.223) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
❤️ 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 ❤️
Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2139). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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 70.
Take Profits:
TP1= @ 0.24653
TP2= @ 0.28490
TP3= @ 0.34010
SL= Break below S2
$XRP / RIPPLE - iH&S- Buy the DIP!This is getting interesting
Still following Wyckoff accumulation schedule. Long term bias will remain bullish!!!
HEAD AND SHOULDERS INVERSE PATTERN
LOOOOOOOONG!!!!
If you think my analysis is useful, support me with a simple "LIKE". Thank you
#CRYPTO #XRP #XRPUSD #XRPBTC #RIPPLE
Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2698). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRP/U.S. Dollar is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.3400
TP2= @ 0.3790
TP3= @ 0.5095
SL= Break below S2
Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2698). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRP/U.S. Dollar is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.3400
TP2= @ 0.3790
TP3= @ 0.5095
SL= Break below S2
Have you seen this? No? Look NOW! -_-The next moves of XRP is pretty clear. The reversed Head and Shoulder on the support (very strong support , market in red ) is a clear signal of inversion . Price has also broken the short term trendline (black line) and price can only go up . Targets are market in green and orange .
Simple analysis, for simple profit.
Greetings,
S :)
XRPUSD After 2 Years RSI Is Oversold Now Ready To Hit $0.31On week chart the Ripple is moving in a falling wedge. The formation of this chart pattern was started in Aug 2018 and now after Aug 2018 this is the price action has hit the support of this wedge in Dec 2019 and with hitting at support of wedge the priceline is also hitting the lower band of Bollinger bands.
Now we have some more positive developments in favor of bullish move after hitting the support.
As per bitfinex exchange data on week chart the relative strength index (RSI) is entered in oversold zone 1st time since after Sep 2017 and it has just tipped in oversold and indicators and oscillators are turning bullish. For example the Stochastic has given bull cross from oversold and moving average convergence divergence
Stochastic has given bull cross from oversold zone and moving average convergence divergence (MACD) has turned weak bearish from strong bearish and also likely to give bull cross very soon.
Since Aug 2019 the price action has broken down the $0.31 support now this support is become a key level resistance for the price action of XRP and sofar the priceline is not able to breakout this resistance even after several attempts.
Now we have an optimistic situation coz after more than 2 years the RSI on week chart has visited the oversold zone and sudden after this happened all indicators are turning bullish as we have seen earlier if this time the price action will be able to breakout this resistance level then we witness a real powerful bull rally which can lead 1st the price action to hit the previous high and if the previous high level will be broken out then a new highest price level can be achieved.
Regards,
Atif Akbar (moon333)
XRPUSD formed Gartley | A good long opportunityPrice action of XRP / US Dollar has formed a bullish Gartley and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.21457 to 0.20929
Sell between: 0.21873 to 0.22870
Regards,
Atif Akbar (moon333)
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis:
. Ripple/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.18300 to 0.148). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.183)
Ending of entry zone (0.148)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " 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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2300
TP2= @ 0.2805
TP3= @ 0.3300
TP4= @ 0.3800
TP5= @ 0.4240
TP6= @ 0.4800
TP7= @ 0.5700
TP8= @ 0.7615
TP9= @ 0.9145
TP10= @ 1.37050
TP11= Free
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis:
. Ripple/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.18300 to 0.148). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.183)
Ending of entry zone (0.148)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " 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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2300
TP2= @ 0.2805
TP3= @ 0.3300
TP4= @ 0.3800
TP5= @ 0.4240
TP6= @ 0.4800
TP7= @ 0.5700
TP8= @ 0.7615
TP9= @ 0.9145
TP10= @ 1.37050
TP11= Free
XRPUSD formed bullish BAT | A good long opportunityPriceline of world's 3rd largest cryptocurrency Ripple (XRP) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: $0.19305 to $0.19228
Sell between: $0.19490 to $0.19766
So this very short term 2hr chart would be a good long opportunity for XRP day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
XRPUSD formed bullish Shark | A good long opportunityPriceline of XRP / Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.18946 to 0.18848
Sell between: 0.19066 to 0.19296
Regards,
Atif Akbar (moon333)