XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3125 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3507 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
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Xrp-usd
Xrp/Usd LongJust formed a double bottom on the 15m time frame. This is a trend continuation trade in which this is just shy of a 50% retracement from its recent High on Positive Crypto News. Looking for a retest of the most recent high. Stops are below the Double bottom which is also prior Resistance which is now acting as Support.
Ripple is going down to 0.15 !!!I am sad to see this happen in cryptomarket , but i think its normal to go down because its a good sign for future , i think crypto market want to restricted all the money in one currency . and this is what will be in future. all the money is going to one cryptocurrency . for XRP the price maybe going to ~0.55 than go down to ~0.15
sell on ~0.5 and buy on ~0.17 this my recommend for XRP
Cup and Handle on XRP...target minimum 15% if BREAKOUTDaily chart: XRP hits red zone target. Rejected nicely and making its way out.
Hourly chart: Cup formed, handle on its way forming.
Prediction: if handle breaks past ~4700 satoshis, looking for the target to be atleast 5400 satoshis...if price breaks past trendline, then we move onto the next zone and next trendline....if that breaks, then the bull run might be coming. I don't think that will happen just yet, though....we need one more correction.
XRPUSD Approaching Support, Potential Bounce! XRPUSD is approaching our first support at 0.4245 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.4573 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our short-term descending resistance line might provide the bullish acceleration to our major resistance target.
Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
Resistance rejection successful. Strong short.Ripple has been rejected on the maximum possible extension of the 1W Channel Down (RSI = 42.773, MACD = -0.063, Highs/Lows = -0.0776, B/BP = -0.2004) and is now trading sideways on 1D (neutral RSI, ADX, CCI, Highs/Lows) preparing for the next aggressive bearish leg. Our TP set for XRPUSD is intact: 0.4100 and 0.35277.
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
. RIPPLE/DOLLAR 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 34.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.450 to 0.320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
. RIPPLE/DOLLAR 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 34.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.450 to 0.320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
.RIPPLE/DOLLAR 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 36.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the Support zone (0.450 to 0.320), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
There is a possibility for the beginning of uptrend in XRPUSD Technical analysis:
.RIPPLE/DOLLAR 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 36.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the Support zone (0.450 to 0.320), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.450)
Ending of entry zone (0.320)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.55
TP2= @ 0.65
TP3= @ 0.77
TP4= @ 0.94
TP5= @ 1.18
TP6= @ 1.60
TP7= @ 2.34
TP8= @ 2.87
TP9= @ 3.53
TP10= Free
BTC wedging up, about to retrace back into symmetrical triangle?It looks like BTC is wedging up (teal triangle) after it broke out of the symmetrical triangle. Rising wedges are trend reversals, and are more valid in uptrends. BTC looks to have also double topped (1,2) which is also signaling a reversal.
We are also seeing positive momentum drying up on the MACD and RSI oscillators:
Buyers are getting exhausted, and after a decent 17% rise in ~5 days after a 2 month long dump, this isn't surprising. Short term retracements are healthy if we want to see BTC continue up in the long term. If BTC breaks down, the measured move would be around 6100. It also may never reach 6.1k, it is quite possible it will test the .50 fib common retracement level at 6285 and then swing back up.