Short tf (4hr tf) analysis of RIPPLE:XRPUSDXRP made a high of $3.31 on Jan 4 2018 after which it sold off with price appearing to bottom on Feb 6 2018 at a price of $0.59. The downtrend line is marked on the chart to show the bear move between the prices mentioned above.
A curve has been used on this chart as well to show the bottom action of price in Ripple (XRP). It appears to be a complex, inverted Head (H) and shoulder pattern with one left shoulder (LS) and two right shoulders (RS). The neckline for the complex, inverted Head and shoulders (or Head and shoulders bottom) pattern is indicated by the red line.
Price action has clearly closed above the Head and shoulders bottom pattern and therefore confirms the pattern as valid. This means that bulls are ready to drive prices higher. It is likely that price might quickly deep to the $1.06 area which is where I have marked on the chart as the likely point of trade entry.
POI = The price at which this trade is no longer valid (i.e. price closing below $0.87)
The least possible target area for the trade is between $1.71 and $1.77
Assuming the situation above, RISK = $1.06 - $0.88 = $0.18
Reward = $1.71- $1.06 = $0.56
Risk/Reward ratio: 0.56/0.18 = ~3:1
Ripplelong
XPRUSD - Formation of Uptrend. Hello Traders!
Suppose, that correction phase is over. Present time we see the formation of 1 subwave of "C".
Powerful Traders decisively take a long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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Ripple/USD Great long-Term Trading Opportunity. don't miss itTrading suggestion:
Price is in the support zone (1.8500 to 1.3900), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (1.85)
.Ending of entry zone (1.39)
Take Profit:
TP1= @ 2.24
TP2= @ 2.73
TP3= @ 3.00
TP4= @ 3.51
TP5= @ Free
Technical analysis:
.Price is below WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 57.
.Current short-term is range bound, but resumption of uptrend is expected.
XPRUSD - BUYERS enter the Market!?Hello Traders!
Suppose, that current correction should soon be over.
Powerful Traders decisively take a long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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Ripple continues to test major support, watch for a bounce!Ripple continues to test major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RIPPLE DEAD or ALIVE? ;)Hello Traders!
Yesterday we said: "Obviously the Correction phase, is over!?" ) Incredibly, but NOT OVER!!! )))
BRAVO RIPPLE!!! Thanks teacher XPR! The next Game is DEAD or ALIVE!? Ok! Let's play! We believe in YOU!
Powerful Traders decisively take a long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
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Ripple is approaching major support, watch for potential bounce!Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur. We are also seeing major bullish divergence vs price signaling that a reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple - Uptrend in "3-d" or "C" waves!?Hello Traders!
We accurately predict the end of supposed 2-nd subwave. Obviously the Correction phase, is over!? )))
Near time, if the price do not breakthrough the invalidation level 0.87357, we should see the start of strong Uptrend in 3-d or C wave!
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PT's will try to take long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
Subscribe to "Powerful Traders"!
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
Join us!
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Ripple dropping strongly, watch for a pullback to resistance!Ripple is dropping really strongly and we watch for the pullback to our 1st resistance level at 1.1508 (Fibonacci retracement, horizontal breakout resistance level) where it could serve as a possible re-entry level for price to react off and make a push down to 0.8729 support (Fibonacci extension, horizontal swing low support).
RSI (89) has made a bearish exit of our long term ascending support-turned-resistance line and also has broken below our 42% support opening a large downside move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple XRP Start of an upward trend - H&SAs I posted earlier in my previous chart which came true. The H&S formation had completed with high volume buyers at approx. $1.
The current trend formed an inverted head and shoulder signaling an potential start of an uptrend. Kindly follow for more updates.
Ripple has broken a major descending resistance line!Ripple has made a bullish exit of our long term descending resistance-turned-support line triggering a potential bullish move to push price up towards 1.7564 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Our 1st support remains at 1.2007 (pullback support, overlap support).
Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re expecting on Ripple.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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 - Uptrend!? Hello Traders!
Obviously the Correction phase, is over. We accurately predict the end of supposed 1-st subwave, then retest by 2-nd subwave and after that Strong Uptrend in 3-d!
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Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
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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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Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".