Xrp-btc
XRP ready for a move above the 200 DMA?XRP looks ready to attack the 200 Day Moving Average and our Oscillator gave a Buy just recently and price has pulled back and consolidated those gains
and now appears ready to move aggressively higher.
This should not be taken as financial advice please do your own research.
#xrp
XRP/BTC - No Hype, Simple Analysis Pretty simple, we have strong trends, we're in a cone, and XRP is low. I put the resistance zone where I did simply because of one way or another, XRP is about to break out of its current trend in the coming weeks. All the previous price action in the long area I do not believe will limit growth as it was part of a strong downward trend. What will impact you is that damn near platform like straight-line in the market price action from October '19 to December '19. Having said that, I would set a take profit somewhere around where I indicated with the red arrow around the 0.00003000 range.
As always, please share, comment, criticize. Help me learn. Help me grow.
Have a great weekend everyone - happy trading!
ETC. Going for Liquidity for upside levels.ETC broke out of Ascending Triangle.
Buyers holding price above it and accumulating more.
Demand zone was broken few days ago in case of bigger pullback.
Price faced it as Resistance zone and formed Ascending triangle which can break in both direction in CURRENTLY this situation.
But as we see - it broke up and now ready to continue upside movement.
While BTC keeps flatting - money will flow into USDT and BTC pairs.
ETH TO 230$ AND 270$ RESPECTIVELY - TBE!ETH USD UPDATE
Our last comprehensive breakdown of ETH USD was posted on posted on the 15th of January and we outlined that after a break above the 175$ resistance level, we should expect price to rise to 199$ and 230$ respectively. We gave another interim update on the 21st of January advising those that had entered the ETH long position after spikes to 180$ had occurred to stay in their long positions and our stop loss of 154$ would be kept in tact. Exactly this occurred and lows were achieved at 156$ keeping our stops in tact and keeping us in our long positions. Price is currently trading at 190$ with highs made at 195$ just under our 199$ resistance level and our first price target. For those that have been in this position since 175$, we would advice to move stops to entry at 175$ and more specifically at 174$ to avoid stop hunting. Please let this long position to continue to run till 230$ but more conservatively 227$ to avoid our stops not being hit. For those that have not entered a position yet, I will prescribe to you the exact details of finding a good long entry on ETH USD.
- On the daily chart, we can see that ETH had hit the roof just below the main resistance level of 199$. We can also observe that momentum indicators on the daily are forming a bearish divergence (specifically the RSI/ROC indicator) and EMA and MA supports are at the 175$ price level. Now, if we zoom into the 4 hourly TF, we can observe that a key level of support is at the 183$ level with main supports only being found at the 180$ level before bullish price action resumes.
- Now, we would be looking for long positions to be opened for those that have not already done so at the 180$ level with stops being at 160$. For those already in long positions, we would advice that you keep stops at 174$.
- We still expect take profits to be hit at 199$ and 227$. The maximum level which price could ascend to is 270$ and we would reopen longs after a break of the 230$ level to this price level. However, it is important to note that this is less likely and we worry that price will be fatigued after 230$ - none the less, this is something we will plan for. We even have the option to move stop loss to 199$ after the 227$ price level is hit moving our take profit level higher to 250$.
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You Are Holding A Winning Lottery Ticket Be PatientI have no idea if the riddlers are correct but the charts are lining up. That's the only reason I'm thinking they are right. I think the next month will be crazy for xrp. Xrp is the chosen one if you have held this long you know that. Once we get over $.26 your wildest dreams will come true.
Bullish Divergence| Equilibrium|Resistance| ALT Season? Hello Traders,
Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken.
Points to consider
- Trend testing key levels
- Local resistance to break
- EMA’s currently support
- Stochastics neutral
- RSI respecting trend
- Increase in volume
Trend is testing technical levels and holding, an evident bullish divergence is diverting XRP to change the current down trend. Local resistance is yet to break, a close above will confirm the bullish divergence.
EMA’s currently support, must hold true when local resistance is broken, worthy to note that it has been weak as of late.
Stochastics is currently neutral; a fall in any direction is probable. The RSI is respecting its trend, diverging from price by putting in higher lows whilst XRP puts in lower lows.
An Increase in volume needs to sustain when a break comes to fruition, this will increase the probabilities of a continuation.
Overall, in my opinion, XRPBTC is trading between two levels where equilibrium may come to fruition from this bullish divergence. Local resistance is a very key level to break as of now.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
I DON'T KNOW HOW YOU CAN BE BEARISH ON XRPHi traders today I made the simplest chart I could. Simply stated how could you be bearish on xrp? Two year downtrend was just broken. I purposely didn't add levels just to be simple, but we accumulated for 2 weeks then we had a huge breakout. This could be another fake breakout but i hope not, still bullish until be break below this trend line.
$XRP vs $BTC $XRPBTC (Update) Not A Hero
Weekly (Zoomed Out)
XRP continuing to respect descending channel, stochastic rsi showing momentum to the downside is slowing down. Price is currently testing our uptrend line for confirmation, a closer look will give us a better idea. Every time XRP breaks out of a descending pattern we see a short climb towards the upside.
Weekly (Zoomed In)
Zooming in on our weekly we see this week we see price tested our dynamic resistance of the descending channel. Expecting a follow up with the upcoming week, this is an ideal zone for a double bottom. A push towards the upside from here could lead us to 0.00004000 satoshis. Rejection from this dynamic resistance could send XRP to the 0.00002000 zones.
Daily
Shifting to our pattern timeframe we see our daily candles showing support at 0.00002500, stochastic rsi showing momentum looking to shift towards the upside. The price showing bullish divergence, strong resistance at 0.00002900. Last time XRP was at this price we saw a jump from 0.00002400 all the way up to 0.00003700 giving us a 50% gain. Price action history shows us price tends to have the same behavior when major support/resistance is confirmed.
4Hour
Finally looking at the trigger timeframe we see the price now looking to head towards our dynamic resistance. Stochastic RSI showing momentum in favor of bulls. Firs tp looking like an 18% gain, a 4hour close above 0.00002600 activates trade. Rejection from this level and it could get ugly for XRP Fan Boys & Girls...
XRP v.s BTC 2020
Weekly (Zoomed Out)
Higher timeframe showing XRP continues respect it's downtrend since 2018 ATH. Stochastic RSI showing price in favor of the bears with no signs of slowing down. Price now looking to test it's All Time Low (ATL) *close of 0.00001500 satoshis. The trend is your friend until it bends.
Weekly (Zoomed In)
Sticking to our pattern timeframe with a closer look at more recent price action shows XRP now respecting a descending wedge pattern. Price is currently testing what could be the (3rd) bounce of our uptrend or continue falling to our next major support at 0.00001759. Another scenario is a double bottom forming at our current level of 0.0002500, however no signs of reversal just yet.
Daily
Shifting to our pattern timeframe we see XRP formed a higher low at 0.00002800 which could lead to a lower low. Stochastic RSI showing a double top and we should see momentum to continue towards the downside. Our pattern timeframe shows our next following dynamic support is at 0.00002500, however, our next major support isn't until the 0.00001750. Aggressive sell entry is triggered with a daily close below 0.00002550. An aggressive buy entry would be triggered with a daily close 0.00002600. In conclusion, these charts show 2020 will be dominated by BTC, however that can change quickly in the crypto space.
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
XRP similarities with BTC bear... its nearly timeI try not to post charts making calls for long or short, but this XRP chart looks ripe. We have had that sentiment-obliterating drop and the XRP army looks decimated. Selling pressure has been enormous, and it feels to many like all hope is lost.
This is the time to buy. I see many similarities between the BTC bear market and XRP here, and it seems as though XRP is printing a beautiful bottoming formation, having bounced off 17 cents and holding around 19 cents for the past couple weeks.
Look for XRP to shake things up in January/February.
-Baylor
XRP preparing for a move! long term: SHORT, short term: LONGXRP went downwards since July.
XRP and its SMA's behaved similary from July to September '19.
XRP going sideways for the last 2 weeks.
Major support at 0.15$.
50 SMA still under 200SMA.
Momentum at approx. 0.
RSI at around 40 and lower on larger timeframes.
So for the short timeframe i see XRP at around 0.21$ or even 0.25$ (within a week or 10 days) like it did in September but then it all depends on BTC: If BTC decides not to dumb in mid-january like it used to do the last 3 years, we might start a new uptrend.
If BTC dumps we might fall back to 0.15$. We know the (pretty consistent) mid-january pattern so IMO the burden of proof is on the bulls to convince the bears why XRP or BTC or both wont dump.