Bearish Divergence - Drop IncomingHi Traders,
As you can see from the chart we have bearish divergence, I expect a drop soon. Hopefully you didn't buy into this rally. You can also see another rejection from the top of the resistance. I expect a retest of .12-.14 soon.
Leaving a like costs nothing but let's me know you got value from this idea and is much appreciated.
Stay safe out there,
Xrp-usd
The case for .014 Cent XRPHi Traders,
Given all the negative global news about the beer virus, I don't believe we've seen the final selloff in crypto or the stock market. Let's be real here, crypto is a "RISK-ON" investment and right now, the world is "RISK-OFF". There has always been talk about a flush out that will end 99% of crypto assets and leave only viable projects in the end. This happened during the dot-com boom and bust cycle and I expect it will happen in crypto BEFORE it is deemed a legitimate asset. The future is definitely crypto but RIGHT NOW, we have to cull the herd. I expect a biblical drop once the beer cold hits it's peak and there's blood in the streets. I wouldn't hold ANY position without a stop-loss.
Good Luck Traders!
XRPUSD potential longs if we can hold and then break 0.18000XRPUSD is currently on very interesting level.
Yesterday's dump dragged XRP towards 0.16700-600 levels, which is previous resistance and now support
of big consolidation box.
This level also holding supportive trendline, which is also very important.
If it breaks these levels down below, longs are invalid and i will not be looking for long opportunities anymore.
If we can hold and i see some kind of Accumulation, i could long right here around 0.17.
More longs i will be adding if we break+retest 0.18, which is very important zone/level for further moves.
Psychological level + previous daily/weekly low. if we break it, XRP is gonna lead towards 0.22500 and maybe even more.
Good luck with trading guys. if you like this, dont forget to hit a like button,
Thank you and dont forget to trade with proper Risk and Money management
XRP topped out at the resistance lineHi traders,
As you can see from the chart, XRP has topped out at the resistance line of .175 and is now retracing. I predict it will continue lower. The RSI is overbought and a tell was BTC was moving sideways while XRP was pumping. This was a nice stop hunt by the whales, hope you didn't get caught in it. I believe NOW, we can finally start to see some downside pressure come in and push this to test .136. Let's see if I'm right.
THEY SAY "EVERY GAP GETS FILLED"... THIS IS OUR LAST GAP!Good Morning Traders,
I've outlined a speculative take on price action moving forward. The daily and monthly indicators are going to move bullish soon so this will either play out soon OR may play out after we break to .19 and retrace back down (several days) but i'm leaning toward now, it's too soon to tell but, if "every gap" does indeed get filled you should be aware of the enormous gap between .11 and .07 cents all the way back from the start of the previous bull run (Yellow Box). I say this is more speculative because I don't specifically see this in the indicators however I have seen some elliotitions show wave "C" ending there. If we see a sustained violation of the upward trendline, we should begin to see some back testing of previous support levels. All horizontal lines can act as resistance / support on the way down, so if we get a bounce off of one or more of them watch to see if they don't confirm previous support as new resistance. If all goes according to plan I will go ALL IN at the Purple Box! I firmly believe that this is the final correction before the bull. I do not have a position right now, sometimes the best trades aren't trades at all. This is not financial advice, trade at your own risk.
XRP TO DIVE SOONIn the chart we can see bear divergence on the RSI. We also have significant resistance at the December lows of .175 with two rejections at the top of the bear flag I discussed yesterday, all this while also experiencing declining volume looks pretty bearish to me. The more times it butt's into the .175 resistance the weaker the resistance becomes so it's possible it gets through it should price stay at these levels. I just don't see that happening though. If you want to open a long, I would do so AFTER breaking AND holding the .175 trendline, wait for a retest and buy in there with a SL at .165 but by God, WAIT for confirmation. If XRP goes bullish, I would expect no higher than .30 as the top target. Good luck and happy trading!
This is not trading advice, trade at your own risk.
We've reached the top of the bear flag formation, now where?XRP has reached the top of the flag and rejected off resistance and is currently overbought on the RSI, I expect it to fall to the bottom of bear flag where it should break resistance, retest the flag and drop to double tap the previous low. Will it go further? Time will tell.
Obviously it would invalidate my short call should it break .16 AND HOLD on high volume. If shorting, I would place SL @ .165.
This is not financial advice, trade at your own risk.
XRP/USD-4 Hour analysisHello everybody!
-On a 4-hour time frame, we can see that the price is moving within the descending channel and we can see that the price is approaching near the resistance line of a descending channel.
-We can expect a breakout or rejection and then bearish movement!
-The price is not much volatile so we have a controlled movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
RIPPLE.. CAN WE GET A SPRING BACK UP?GOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @
www.youtube.com ... a LOT more educational videos will be uploaded real soon.
Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our next demand, we know this news has everyone shook, but we will remain strong and keep destroying this volatility ...
Because we are doubling at the bottom, making a new low on the (weekly bitfinex chart) I just want to see what kind of momentum we can play with today and maybe the next few days.
We will not be entering until all other rules of the strategy are met.
Please let me know in the comment section below if you have any questions, tips or suggestions! -CO
RIPPLE ENTRY UPDATEGOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @
www.youtube.com ... a LOT more educational videos will be uploaded real soon.
RECAP: Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our next demand, we know this news has everyone shook, but we will remain strong and keep destroying this volatility ...
Because we are doubling at the bottom, making a new low on the (weekly bitfinex chart) I just want to see what kind of momentum we can play with today and maybe the next few days.
We will not be entering until all other rules of the strategy are met.
Please let me know in the comment section below if you have any questions, tips or suggestions! -CO
XRP/USD-4 Hour analysisHello everybody, I want to share this with you!
-On a 4-hour time frame, we can see that the price was moving in a strong bearish direction and now the price is forming a descending triangle pattern.
-The descending triangle is a sign that the price will very likely continue falling in a bearish direction.
-We can see on lower time frames such as 1-hour time frame that the price tested and rejected multiple times resistance line of the descending triangle, we can also see that last hour the price formed Doji candle and now we can see that the price tested and rejected again resistance line of descending triangle and the price continues moving in a bearish direction.
-I consider this as a solid opportunity to go short(to sell) because we have solid conformations to take a short position,...-But that is just my opinion!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
XRP/USD-4 Hour analysisHello everyone!
-On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction.
-Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected.
-We have few options to happen, first, one the price may test line and then reject and the second one is that the price may breakthrough the resistance line.
-We can see that during the day the price is moving in a bullish direction... Will the price reject or break the resistance line?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
XRP/USD-4 Hour analysisHello everybody!
-On the 4-hour chart, we can see that the price continued i bearish direction.
-Now we can see that the price rejected the "support area" and the price closed with a bearish candle with a long lower wick(on 1-hour chart).
-We can also see that the price is moving in a small descending channel(on the 1-hour chart is even better visible).
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
XRP/USD-4 Hour analysisHello everybody, I want to share this with you!
-On a 4-hour time frame, we can see that the price formed a solid head and shoulders pattern, head and shoulders pattern is very solid confirmation to take a short position(sell).
-On a lower time frame such as a 1-hour time frame, we can see that the price tested multiple times neckline(blue line) and then rejected and started moving in a bearish direction.
-We can also see that the price is still above 50 periods moving average and if add 8 periods moving average(EMA) you will be able to see that the price tested that moving average and went in a bearish direction.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
XRP/USD looks good, as long as it...XRP/USD looks like it has broken out of the longterm triangle. It went out out and found support on the upper trendline afterwards. This is a very positive sign. But don't jump the gun too soon! It has to stay above the upper green trendline.. the longer it stays above it, the more likely it is that we will see strong moves.
This is a longterm view. Follow me @GenesisLedger for more.
XRP/USD-4 Hour analysisHello everybody, I want to share this with you!
-On a 4-hour chart, we can see that the price formed some not symmetrical head and shoulders pattern and we can see that now the price is testing a blue resistance line.
-We can see that the price tested multiple times that resistance line and then, the price rejected.
-On a lower time frame, we can see that the tested that resistance line and rejected and now the price is a little bit under the resistance line.
-I expect few more retests on lower time frames and if the price rejects then I will try to find an opportunity to sell and I expect that the price is going to move in a bearish direction until the price reaches somewhere around 0.2670-0.2680,...Because on that area we had lot of rejections so I consider that as a solid zone.
-If the price breaks the blue resistance line we can expect bullish movement or we can expect some fake breakout,...But that is just my opinion!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.