XRP bearish breakout! Look for shorts! |19 Oct 2020XRP reversed off its resistance at 0.242 where it could potentially drop further to 0.2280
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Xrp-usd
XRP USD BUY (RIPPLE - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
XRP/USD Long Bias If price comes to the low of when the price rallied high than we anticipate to take a long entry on the 70.5 - 79 % fib level as it meets the requirements of retesting the OB prior to the move UP !!!
XRP/USD The big development is near.XRP is finally trying to break the competition.
Looking at it on a weekly basis, in the latest XRP, ¢ 24.5 functions as a resistance line over the three weeks, and the development that cannot be improved continues. Moreover, it is a development that can not go down, and it is quite competitive. Meanwhile, with the previous candlestick, the lower beard was greatly extended to form a spike low. In other words, it means that there are long people who are enthusiastic about not letting them go down.
In addition to that, in addition to the situation before the golden cross of 20MA and 50MA, it is also conscious as a support line.
Furthermore, the uptrend line that continues from the corona shock is easily recognized as a support line, and it is common to see that the low price has settled.
Under these circumstances, RIpple's largest conference, Swell2020, is imminent, and expectations for a rise are rising.
Looking ahead to the long for a while, I would like to buy while splitting.
XRP USD BUY (RIPPLE - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
XRPUSD potential sell offSell of expected on XRP. Target 0.20, we could trade up to 0.18
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Inverse chart
XRP USD SELL (RIPPLE - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
XRPUSDTF: 4 Hr
Looks like momentum might be moving to the downside at this area; however, price is near an upwards moving trend line that comes from the March lows. I think this a good pair to keep an eye on.
XRP/USD: AnalysisWaiting on a pull back, and rejection. I spotted a descending wedge on the hour which indicates bullish movement. Gonna keep an eye on this pair for tonight.
If you agree or disagree leave a comment below!
XRPUSD XRPUSd has done exactly as expected and as explained in one of my previous pots. After a break of the support, we saw price push back up to retest the consolidation before pushing down to 0.2350o/0.23000. We may now be looking at further shorts possibly down to areas of 0.17000.
Ripple tumbles, but shows divergence. XRPUSDThat was a nice tumble! And it was to be expected, really. RSI divergence, oversold. Fib targets in blue, invalidation level in red. Fib timezone indicated uptrend completion by the 9th Sep. I suppose another thing is that I suspect a X corrective wave here Elliotally. Let's see how this baby pans out - it's just speculation now.
Bullish on Ripple. XRPUSDWe broke the channel, in a local uptrend - I believe this is the beginning of Wave 3 of 5 of 3. Ripple should move up if I am correct in my assertions.
XRPUSD who else is bullish for a few months ?BIG LOTS AT 23 CENTS IF POSSIBLE . WILL ADD AT 27 SOFT BUY. BULLISH
XRP/USD- Short Swing TradeGood Morning Traders!
I'm going to place a sell stop order on XRP, I'm thinking if price gets to the 50% mark on the Fibonacci (0.28037) it will continue to fall. I have a Daily resistance line plotted, and ill be riding price all the way there which is roughly around 25 cent. Let me know what you think!
XRPUSD - Triangle in TriangleHello everyone! It's my first published Idea. Comments welcome!
As you can see in my chart there is a another triangle pattern in the smaller picture. I see a breakout after some accumulation in the 1H timeframe.
> buy @ 1H timeframe
> or go long after resistance .318
Set S/L @ .303
Next Targets:
.32 - .33
.34 - .35
.36 - .37
XRPUSD Update: Profit=37000 SL=11000 Reward/Risk > 3.3:1 Trade Setup summary:
Profit targets=37000 pip (2000+ 4000 + 6000 + 10000 + 15000)
Stop Loss =11000 pip
Reward/Risk > 3.3: 1
Current Status:
Total Profit: 22700 pip
Closed trade(s): 12000 pip Profit
Open trade(s): 10700 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.21 touched at 2020.07.20 with 2000 pip Profit.
TP2 @ 0.23 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.25 touched at 2020.07.29 with 6000 pip Profit.
2000 + 4000 + 6000 = 12000
Open Profit:
Profit for one trade is 0.24350(current price) - 0.19000(open price) = 5350 pip
2 trade(s) still open, therefore total profit for open trade(s) is 53500 x 2 = 10700 pip
Break Even 0.19
Technical analysis:
. XRPUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 79.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.223) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
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