SEC
SEC vs. $XRP - A price action timeline (March 19th)Price of XRP in relation to news about SEC lawsuit.
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple ($XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.
📈Technicals
Fibonacci: XRP is trading just under the 0.5 retracement level.
RSI: Moving sideways at 52.52
MACD: Crossed over yesterday on the daily chart, closing above today will confirm cross-over.
Key S/R levels:
0.52155 - Strong resistance (0.618 fib)
0.48719 - Nearest resistance (0.500 fib)
0.44312 - Nearest support (long term trendline)
0.41830 - Stronger support (0.236 fib)
0.36500 - Lower support (0.000 fib)
▶Current Patterns
XRP price is currently in the middle of a symmetrical triangle nearing the apex (converging on March 28th).
Breakout price movement = (triangle top)-(triangle bottom) = 0.65028 - 0.36500 = 0.28528
Breakout TP : ~0.4610 + 0.28528 = 0.74628
Breakdown TP : ~0.4610 - 0.28528 = 0.17572
📰Latest top stories:
Ripple vs. SEC court grants motions to dismiss and strike sets schedule.
Ripple expands in asia despite SEC lawsuit increasing odds for a 60% breakout.
Judge declines xrp investors attempt to become third party defendants in SEC case.
💖💖 If this chart gave you some insights or saved you some time, please consider donating . 💖💖
XRP: rHeyDwwhfHmAeg44gHeKNTRam8KLBQnqdy
ADA: addr1qxfrnkcp76re8apqs08r4de0563pajlsrj3yzq4f57nwmusd22psc2da45vkhn2apttaz89ym6rkchprur238k43xl5sldhkw8
DOGE: DKdp5cRSJi5DEkfxJai48GigZPFtBk8vK2
WINk: TVbwZzvxg7ozrAs4jT2FHpshGwMHxvGnoF
(Keeping this chart updated requires a lot of research, work and coffee. If you spot any news I've missed, feel free to DM me or comment below)
❗Disclaimer❗
I am no financial advisor, I merely maintain this chart for my private - and for the public - education and entertainment.
Do not take any of this as financial advice and always DO YOUR OWN RESEARCH.
SEC vs. $XRP - A price action timeline (March 16th)Price of XRP in relation to news about SEC lawsuit
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple ($XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.
Technical Analysis
Fibonacci: ↘ XRP briefly touched the 0.618 ceiling earlier this day and is currently retracing back to the 0.500 line.
RSI: ↗ Currently moving upwards at 52.67
MACD: 🔀 Signaling a cross-over on the daily chart
Key levels:
0.52636 - Strong resistance
0.49718 - Nearest resistance
0.46962 - Nearest support
0.43762 - Stronger support
0.42723 - Lower support (long term trend line)
Todays top stories:
www.crypto-news-flash.com
bitcoinexchangeguide.com
www.financemagnates.com
Any donations will keep me motivated to expand this overview!
Donate me a ☕ at XRP wallet address: rG8WkRMcpwkRGsmy8mDiygNAiCar5M4SoT
Rippling and Looking for a BreakoutRipple has been filling out what could be either a symmetrical or ascending triangle since its last pump in February while ranging from about $0.42 to $0.49 since Feb 24th as it tightens into the vertex.
Anticipating a breakout within a week or so with a slightly bullish bias, my confidence of a move in either direction is not great.
Analysis : Daily indications mostly looking for confirmation. Remaining Neutral-Slight Bullish Bias .
Currently, my bias is slightly bullish due to the price action holding the $0.40 area as well as the directional index still maintaining the +DI above the -DI with a potential for a +DI/ADX cross suggesting a continued bullish trend. The shown linear regression channel has the -2 standard deviation finding confluence with a fibonacci cluster in the $0.40-$0.39 range, indicating that this could continue to be a strong area of support.
Some bearish factors are that the RSI is still in what I consider to be a slightly bearish zone below the 50 level as well as the MACD having both the MACD and Signal lines below the zero center line.
Looking for confirmation of breakout via the following.
What does confirmation look like??
I would like to see the following:
Price Action
Bull: A bullish impulsive candle breaking out of the triangle with a solid close above $0.50 would likely indicate a run upward.
Bear: A bearish impulsive candle breaking out of the triangle with a solid close below $0.40 would likely indicate a run downward.
RSI
Bull: RSI breaks above 55 corresponding with a solid candle break and close above $0.50
Bear: RSI breaks low, below 38.2 with a solid candle break below $0.40
ADX
Bull: +DI crosses above ADX (White line)
Bear: -DI crosses above +DI as well as ADX indicating trend reversal
MACD
Bull: MACD line (Blue) pulls up and crosses above signal (Orange). This "bullish cross" happening ON the zero line would be a very bullish signal.
Bear: MACD continuing below the zero line and maintaining this downward trend
Given the recent news released that the SEC and Ripple have agreed on dates regarding the arguments for a motion to dismiss, all due by June 4th 2021. There is no clear ending the the current legal battle. That said, there appears to be a technical indication of some sort of move in price action in the very near future, though I am uncertain what the catalyst would be.
Thanks for reading,
-Spreck
$FANG - Diamondback Energy - Bull Flag & SEC Filings3/4/21
$FANG - Diamondback Energy - 9.16% Gainer
Catalysts:
Fundamentals (see details below 1,2):
-Company buyout
-Note buybacks
-Land and asset purchase
-Sector strong relative to market
Technicals (see chart):
-Bullish set up
-Great momentum over recent months.
Fundamentals con't.:
-8K's filing stated that they company would be buying out QEP, another energy and natural gas company as well as buying back senior notes due from both companies.
-Another 8K/A stated that the company "entered into a definitive purchase and sale agreement with Guidon Operating LLC to acquire approximately 32,500 net acres in the Northern Midland Basin and certain related oil and gas assets for $375 million in cash and 10.63 million shares of the Company’s common stock
-I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just analyzing price action and patterns.
-I will try to vary the catalysts (analyst upgrades, earnings, clinical trial results, etc.) for the stock moving (if any) and the sector that the stocks are in.
-You'll notice I try to keep my charts as simple as possible. Black background and no grid. I will be focusing solely on price action, patterns, and support and resistance levels.
No moving averages, MACD, volume profiles, Bollinger bands, etc.
Please feel free to comment or leave suggestions. I am always looking to improve. Thanks.
RIPPLE(XRP-USD) Support Unbroken After SEC Statements! Buy!
Hello, Traders!
Ripple seems to have not reacted to the SEC charges announcement
Which means that these news were already priced in
And the major support is unbroken
Therefore,I think that Ripple will go Up
After the breakout from the local falling resistance
A narrative, that is supported by the support confluence nearby
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
XRP Current situation The bottom is a basically capped now at 0.25655, making XRP one of the safest crypto to invest in because there are many that will do >50% dip. If by any chance it dips below 0.25655, the next minimum is 0.20471. We are at resistance of 0.4051, if we pass above that, that may act as support, and unless there is bad news in the SEC we would not expect to dip below that price again.
At 0.77507, if we pass that it will be straight bullish. At that point, if the SEC is not finished, I will begin to take profits at varying degrees. It will inevitably crash if SEC continues - I would start buying back at 0.77506, because that might act as the new support.
$LUMN - Lumen Technologies - Insider Buying & Resistance Break3/3/21
$LUMN - Lumen Technologies - 7.315% Gainer
Catalysts:
5 Form 4's filed after hours on March 2nd.
Confirming some heavy insider buying in late February.
This combined with the stock price in a bullish uptrend and at resistance caused a breakout.
-I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just analyzing price action and patterns.
-I will try to vary the catalysts (analyst upgrades, earnings, clinical trial results, etc.) for the stock moving (if any) and the sector that the stocks are in.
-You'll notice I try to keep my charts as simple as possible. Black background and no grid. I will be focusing solely on price action, patterns, and support and resistance levels.
No moving averages, MACD, volume profiles, Bollinger bands, etc.
Please feel free to comment or leave suggestions. I am always looking to improve. Thanks.
XRP update! MUST READ! Hey everyone!
Hope you are all staying safe. I would like to begin by saying DAMN MAN FR where did the love go?
Anyways, I still would like to provide content of which I believe can genuinely help whoever is looking to grow in trading.
After taking a look at the first RIPPLE VS SEC court session, it was evident to me that this case may be over sooner than expected. First I would like to speak on the perspective of the SEC and basing it on the fact that they are looking to focus on the marketing enacted by RIPPLE over the sales of XRP. This is quite unusual as if they were to have a stronger case, they would have focused on the contracting aspect of the sales of XRP but seems there incapable of providing that as evidence to the court. In my opinion, this seems to me that the SEC is going after who is able to sell XRP and how are those "sales" being enacted. With this being said, I believe it is the question the SEC is asking the judge for regulatory clarity for they are not pleading for exposure of fraudulent activity nor will the penalties include jail time. The SEC did heavily condemn the actions of Garlinghouse, Larsen and company. The judge did mention the currency in both terms, currency and security and this this not mean anything as judges are to be impartial. There was more to be said on the half of the defendants than the SEC, I believe the explanations of the defendants gave the Judge a lot more to think about than the SEC which seemed to have a lack of strong foundation other than a speaking on to the events of 2013. Ripple was apparently approached by the SEC in the past regarding the sales of XRP. My question is if they knew that this was not a currency but a security, why not do your job then? During those years, how many warnings of statements did the SEC issue to Ripple either publicly or privately. The timing of this lawsuit needs is impacting the current PERFORMANCE of XRP and we have SEEN this.
In my opinion this is the reason why XRP has suffered a correction based on the uncertainty of the outcome this case in the US and as I said in my previous report XRP will range at the 0.50-0.60USD!. This correction has brought an opportunity for retail and institution investors to accumulate XRP and a very low price however, it is the regulatory unclarity that is stopping or slowing down the institutions from buying XRP. Therefore, I believe with that once this case has been resolved in such a dominant market like the US, the world will follow as it usually does in a economic manner.
I believe that we are building structures to the 0.60-0.70 and this level will play as a "determiner" level, meaning that if we are to break above this level we just may be able to the same peak levels we have seen back in 2017.
***I am not a financial advisor nor am I legal counsel however, I do believe the content I provide can genuinely help those who are looking to grow in the aspect of trading. I advise you all to DYOR always!***
SEND THAT LOVE BACK!!!!
XRP vs. SEC - The case is right around the corner!I had planned on doing a follow up intraday markup to my previous post which I have attached
I understand why people hate XRP so much after what happened between 2017-Present
I was looking on higher time frames (daily/weekly) and saw a big drop incoming so the moves did not surprise me
I have seen good things fundamentally wise and more partnerships forming globally which means more integration
I advise traders take a look at what ripple has been doing ripple.com
I just don't see the SEC destroying XRP
If you take a look at the chart we are primed for lower prices
I believe we will drop through .44 .26 and .21 respectively
Once we clear those levels we could reach for .16
As XRP approaches these levels they will scare out the majority of retail traders
Everyone wants to buy low and sell high well here is your chance but will you do it?
XRP will beat the SEC case which will be the catalyst to get this party started and show everyone XRPs true value
XRP - Its gonna happen today!Daily close above 0.57 and we are fine. WE just broke on the lower timeframes out of the downtrendline.
One piece of good news, and this thing will fly.
Never saw so much price suppression in a coin like this. Without the SEC case, we already would be at 2-3 dollar with no doubt.
Green is een pretty strong resistance area. We need to overcome the little resistance box at 65c en heave resistance at 80-85 cents.
XRP Breakout Target $0,74In this chart you can see a potential breakout target of $0,74 which rhymes with the Fibonacci 1.618 level and the reversed symmetrical triangle technique.
Should BTC hold it’s current support or breakout again, XRP will follow. Tomorrow will be the start of the SEC trails, so this may fuel the breakout or ignite a sell-off.
4 DAYS TILL SEC HEARING HOLD TIGHT Ascending TriangleSEC hearing in less than 4 days now. I have located an Ascending Triangle.
What is an Ascending Triangle?
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.
Ascending Triangle - the price usually (HOPEFULLY) follows the up-sloping support line of the triangle. The numbers count on the minor high and low touches of the trend line
How to identify an Ascending Triangle Pattern on Forex Charts
The ascending triangle is fairly easy to spot on forex charts once traders know what to look for.
Uptrend: The market must be in an uptrend before the ascending triangle appears. This is important and emphasises that traders should not simply trade the pattern whenever the ascending triangle appears.
Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase.
Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows. This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias.
Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs.
Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum.
Fingers crossed we get some good news and we can join the others on their BULL RUN. Missing out sucks!