On trendline support and local descending channel resistance. Price is looking weaker with that volume but it is a roll-the-dice kind of scenario now to be honest. Personally, I think it will go down but wouldn't play with too much on it. Let's see how the next 96 hours play out.
Looks like what we have here is an ascending channel forming our of a head and shoulder completion. I'm expecting a quick rally followed by a drop down to the 0.786 line of the original peak retracement. Still learning how to do this so any pointers would be great!
Everything that the establishment has told you is wrong with you - is actually what's right with you. You see things others don't. You are hardwired to change the world. Unlike 9 out of 10 people - your mind is irrepressible - and this threatens authority. You were born to be a revolutionary. Some pretty large goals here on XRP, let's get good entries at the...
Everyone on TradingView knows about the stock market meltdown, but the cryptocurrency world has been rocked as well. Earlier, in this article , we discussed a massive head and shoulders in XRPBTC. We highlighted the fact that the recent rally and Ripple exuberance would probably be short lived. We also noted the incredibly ominous head and shoulders pattern as...
WHAT DO WE HAVE WITH THIS ASSET? Ethereum is in a fighting with XRP for second place in the market cap. Ripple recently had a 200% gain, and ethereum has not yet had a pump yet. Symmetrical triangle Breakout whit a nice volume. Ma's of 45 and 72 bullish cross. Will follow BTC if, Bitcoin goes down!
Might see a nice pullback from xrpbtc for now. BTC seems to be moving lower and XRP will follow.
Looking at descending triangle on 1 hour chart and some higher time frames. If top trend line on triangle breaks, might play a swing to 8300 Satoshi range (RSI and Stoch showing bullish signs). Other than that I'm bearish and hope that that it breaks downward.
A painful expedition down the yellow brick road is upon us yet again and the XRP fear is beginning to build as upward price action weakens and bearish divergences begin to show. following on from my recent short entry this is a longer term direction for the Trashcoin with mind of completing a full market cycle. Where are we going? To the end of the rainbow. What...
XRP clearly found support after the swell conference. Taking my long entry again here.
Hi all, This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to...
XRPBTC After testing 8200 support there's a possible pullback to the 0.618 fib level ( 8652) before another potential downleg to the 7850 support level. SELL: 8650 SL: 8980 TP: 7850
Fomo is rife across comment boxes and the chatroom, Ripple has failed to break the .618 fib for 5 days running, and it went parabolic. Sounds like a great combination for a short entry back to the .88! Yellow vertical line targeted on the tweet that PNC bank have joined cripplenet. Trade null and void if .618 (.00009000) holds for a couple of days, but if this...
$XRPBTC Strong resistance at the 0.382 fib level, as sell as a another strong resistance level around the 0.00009000 satoshi level. Overall still super bullish on XRP dude to the press conference on October 1st and the news that his been coming out. After the pump I was expecting a large retracement, almost back to when the pump started but since its been able to...
Price is forming a continuation for more downside. Wait for the price to hit the upper trendline of the pattern and watch strong price action for sell. Don't take a trade if you don't see clearly when big guys are in.
I wrote up a thesis that I am working with for Bitcoin, BTCUSD on Seeking Alpha and the pressure that we will likely see to the upside. I am going to continually buy on the dips with options protection. I am long BTCUSD at $6,500.00 with a 2-day $6,500 put at a ratio of 1:2, spot:options. I have another buy order in at $6,250.00 with additional options to...
Start looking for good entries boys! :) Red Boar
Our trend following indicator got us in this good ripple trade yesterday. ZenTrendFollower:
Technical analysis: . RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary...