Xrp-btc
XRP/BTC: BullishAt some point later December I was long in the green box (support area) with a target in the purple box (resistance area)
I think the same long would be valid again here, as XRP is the standard and the support zone in the green box is actually holding higher than previous, so bids staggered for lower in the green box for a long. I am playing a long from here with a target in the purple box, higher time frames on XRP are looking bullish as well.
This is the daily chart and as you can see from the wicks there has been some gnarly volatility, which is why I have some lower bids trying to average a lower entry for my long position in the green box.
Has been moving somewhat inverse to BTC/USD so that is something to watch and pay attention to as well.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 115.46 (horizontal swing low support, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a potential bounce might occur pushing price up to our major resistance at 140.91 (50% Fibonacci retracement ).
Stochastic (21, 5, 3) is testing our support where we might see a bounce in price.
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LTCUSD bounced off support, potential for a further rise!LTCUSD bounced off its support at 29.39 (61.8% fibonacci retracement, horizontal swing low support) where a further rise might occur pushing price up to our major resistance at 35.33 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% fibonacci retracement ).
Stochastic (89, 5, 3) is bounced off its support where we might see a further rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD testing resistance, potential reversal!ETHUSD is testing our first resistance at 166.02 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap resistance) where a potential reversal might occur pushing price down to our major support at 142.85 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is testing resistance at 92%, where we might see a potential drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
XRP - 5th wave beginning - targetsXRP just completed a smaller impulse wave on the 15 min chart, leaving the prive above the downward slopping resistance (now support) line.
This could be the start of the 5th wave of XRP we've been waiting for. Price targets 11400-12000 sats for this round.
16,300 sat target looks like a late Spring early summer target. (Bun in the oven)
RIpple - I know a Wedge if I see one.Hey, I am back with another Technical Analysis, this time looking at Ripple/XRP.
Quick and straight to the point.
Which has looked like an accumulation , has turned into a rounding bottom.
Ripple has seen a good volume move, which I didnt expect this early to happen, I expected a longer accumulation but still, move was significant and broke through 10,000 sats easily.
Moves like these are hard to sustain , this one failed after Ripple has shown a rising wedge, which is a bearish patern , and broke below 10,000 sats.
Currently Ripple is in a Falling wedge, which is a bullish pattern , and is getting ready for another push up!
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XRP moving patternIn the chart you see XRP is forming some sort of a symmetrical triangle. Till now, everytime we hit the support levels on the blue line, we get a big spike up.
While in my opinion the cryptospace is tied to BTC (to a certain extent) I always look at the BTC chart first before looking at alts.
With BTC holding support on the 200 weekly moving average the forecast for BTC in the short term is quite positive. While BTC is holding support on the 200, XRP is holding support on this trendline. Therefore, I think it is very likely that we will see a green candle up to the .42 resistance levels for XRP.
What happens after that is the interesting part. If XRP breaks resistance from the gold line, we are likely to see further upside. However, if it does not break this resistance we will most likely go back to test the blue line. If we fall through, I think XRP will test the red support line to posibly reach capitulation and go up from there.
Good luck trading!
XRP/BTC - Re-enter signal-As long as the white and blue line are above the grey area in the back, you make more $BTC..
The USD chart for $XRP is looking bearish atm, XRP-BTC on the other hand looks like it wants to head higher in the coming weeks.
-IF $BTC starts to drop from current $3286 (binance) levels, then XRP will probably rise further.
For a bullish scenario we need the grey area (231 MA) to make a bowl shape (like it did between from Oct to Nov in the chart above), which will then indicate a jump in price possibly re-testing the 0.000010000 price levels (15% from current price) somewhere in Q1 of 2019.
-On a higher time-frame (343) we also have the white (7ma) and the blue (77ma) crossover:
XRPUSD reversed off resistance, potential for further drop!XRPUSD reversed off our first resistance at 0.3415 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.2646 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRP/BTC: Patience needed for the pump? XRP has been moving to inverse to BTC recently, and I have an itching feeling it will moon one of these times BTC takes a nose dive. That is more a gut feeling, nothing to back that up with.
Anyway, support around 0.00088 has been holding for a couple of days now and it has felt like ages, long here with a target in the purple box around 0.0001
If XRP drops out of this range (on a potential BTC move up?) then I would expect XRP to visit the 0.0007 area which is the second red box on the page
Seen some VERY bullish XRP targets recently flying around, some hitting at early 2018 levels, I think that is mostly hopium, but it is important to look at what XRP has done in the past, generally mooning after it sees some pumping action.
Also being clear here I think XRP is total garbage when it comes to a cryptocurrency, but I chart it for the #XRPArmy and for the fact that it is listed on bitmex. Also such a high market cap that it is (unfortunately) relevant.
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