Xrp-btc
TIKTOK TICK TOCK..TICK..Steady battle Between BUYERS and SELLERSRANGE BOUND WITH THE AREA AROUND 0.000170-.0002300 ACTING AS GOOD SUPPORT AND POTENTIAL BOTTOM.
WE APPEAR TO HAVE BROKEN OUT OF THE DESCENCING MARKET STRUCTURE AND AS I SPEAK , WE ARE TESTING THE CRITICAL RESISTANCE NOW SUPPORT ZONE ON A WEEKLY TIMEFRAME ON THE USD PAIRING.
AS FOR THE BTC AND ETH PAIR,STILL IN A FALLING WEDGE AWAITING BREAKOUT SEEMS TO HAVE BOTTOMED OUT
TARGET 1: 0.42$
T2: 0.675
T3: 0.825$
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EXPECTED PEAK PRICE THIS CYCLE WITH BTCUSD TOPPING 120-130K & XRPBTC AT 20K SATS,XRPUSD WOULD AMOUNT BETWEEN 25-30$.
district0x DNT High roller toilet money it was all a dreamdistrict0x DNT High roller toilet money it was all a dream well well well is the big crash coming or we on the way to the other place.
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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Why Tezos could 5X AT Current level (XTZ/USD)All you need to know is that staking is a growing trend among millennials.
At the beginning of 2020, the market cap of staking coins stood at $7.8 billion. Today, it’s $21.4 billion... an increase of 178% in just six months.
Up until recently, staking rewards were the only real reason to hold Tezos. And that makes sense. With a yield up to 10x higher than the 10-year Treasury, millennials have a compelling reason to hold XTZ.
That’s why more than 80% of all outstanding XTZ has been essentially taken off the market and “locked up” in staking pools.
But there’s more to Tezos than just its yield.
The real play here is Tezos’ development architecture, which allows for the rapid deployment of security token offerings (STOs) onto a highly stable platform.
Let me explain...
STOs are public offerings that use tokenized digital securities. Think of them like stock certificates that trade on a blockchain instead of a stock exchange. You can use STOs to trade real financial assets, such as equities and fixed income. Investors can store, trade, and exchange their STOs on the blockchain.
And we’re already seeing serious financial players turning to Tezos for their corporate needs – especially in real estate, which holds trillions in value.
Plus, you can do things not available in the market today, such as sell a building’s income stream, appreciation rights, and depreciation rights separately.
So you can begin to see the value proposition of tokenizing just real estate alone through STOs is huge. This approach can be applied toward forestry, mining, or any other type of real estate development project.
Is this another fake-out by XRP!?In my previous analysis on XRP/BTC (Linked) I said that I expected the Weekly Resistance of 2231sats to hold and for price to eventually reach the 1400sats Weekly Support. Since then price has broken through the 2231sats level, the Monthly Resistance of 2365sats and has now tested the next Monthly Resistance of 2815sats. We have seen XRP fake-outs in the past such as the one highlighted that took place throughout September and October 2019.
Taking into account price has so far been rejected by the 2815sats Monthly Resistance and that until price has a Monthly close above the 2365sats Monthly level this also remains as Resistance, could this be another fake-out? The Weekly level of 2231sats also has not yet been tested as Support, so will price lose this level and then continue to 1400sats? Personally I think so but I will change my bias to Bullish if price closes above 2815sats on the Monthly TF.
Giant XRP wedge might finally break to upsideThis giant XRPBTC wedge here, which has been in play since 2 1/2 years now, is about to break.
I think that initially XRPBTC will rally, but then BTCUSD will start pumping, prompting XRPBTC to dive again, and retest the previous resistance of the wedge, now become support.
Then at some point, around the time BTC will reach ATH levels in 2021, around 100-200K prices, XRPBTC will start a sudden burst to the upside with the usual insane speed as we came to know from altcoin pumps in the BTC peaks at 20k, at 1.2k. It happens every time in a very similar way.
I expect XRPUSD to hit around 30 USD in late 2021.
XRPBTC The BIG picture! Well well well... Hmm.What have we found here?!
In the 3 D chart we have a much larger falling wedge.
As of writing the price line seems to be making the
touch on the 3rd wave down. We are about to complete
the 3rd of 5 possible waves. As indicated by the yellow
price line breaking out of the wedge on the 4th wave.
Or there is a chance a bear trap will be set and price will
partially retrace down to support around 2000 satoshi.
IF rebounds from this range will form a IH&S reversal
pattern.
There is also a rising wedge highlighted in the light blue
triangle. This is a bearish continuation pattern that broke
down as it should.
You can also see the much smaller falling wedge
highlighted by the light blue trend lines where prices are
hanging out today on July 2 2020.
Now that is see this pattern, I believe that this will be our
over all price action before we break free of the bear market
of XRP.
Always remember to set your stop loss! Then be ready to BUY!
XRPBTC short term bearish, medium/long term bullish!You can see the red trend lines highlighting a falling wedge on XRP on the 1 day charts. Falling wedges are a bullish pattern. Note the extremely tight movements in the consolidation, indicating that accumulation is ongoing and coming to a close. There maybe is a little bit more downturn left but this area is a solid buy zone for XRP. you can also see the colored lines tightening up on top of price. When these lines move through price it is go time! This is an extremely low risk high reward trade at the moment. There is also a bullish divergence forming on RSI VS price from May 14/20 till current. Note there is another falling wedge stretching back to the peak in 2018 closing in the same spot as the smaller one highlighted in red trend lines on this chart. Are the XRP bulls are about to wake up!?
Please leave your comments and criticism below if you found this chart useful drop me a like please!
XRPUSDT near to resistanceXRPUSDT near to resistance, we are waiting for breakout and retest. According with Plancton's strategy we can set a nice long
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.