#XRPUSDT Up or Down From Here?- Bullish break of the 200 DAY MA on great volume.
- Currently consolidating nicely above cluster of daily candle closes back in Dec. '18 and April '19
- Possible Bull Flag Formation short to -mid term and ascending triangle pattern.
- Still possibility to Retest 200 Day MA confirm as support if BTC Dumps
XRP-USDT
XRP/USDT forming downward sloping bull flag in an uptrendRipple XRP to the tethered USD is forming a nice sharp downward sloping bull flag in a uptrend. A downward sloping bull flag indicates seller exhaustion, making the bullish pattern even stronger. And when this occurs in an uptrend, the bull case is even more valid. To further drive my point home, XRP is wicking off of the 20-day moving average on the daily chart, using that area as resistance with a nice bullish candle body barely below it, and a long upper shadow striking through (see below)
The fact that XRP still hasn't broke through its 20-day moving average shows we still haven't seen it's biggest gains yet. Once it breaks through the 20-day ma on the daily chart and closes with a nice green candle body above it, XRP will have a much greater breakout than the one we've seen this past week. This would be no surprise as XRP with the 3rd largest market cap has been beaten down for so long.
The measured move of the current bull pole bull flag is around the 55 cent area, a ~13% upside.
Good luck XRP.
NXT (NXTBTC) on Bittrex - Chart Analysis by Request + TargetsHere I am sharing some quick details about NXT vs BTC on Bittrex.
This is a general analysis by request and this is not a trade suggestion.
Use this information as a tool to better understand this coin if you are wanting to trade it.
Add this plus everything that you already have to make an informed decision.
Enjoy the analysis and thanks a lot for the likes, shares, follow and comments.
I appreciate your continued support...
Namaste.
NXTBTC - CHARTS, SIGNALS & INDICATORS
4 hours chart:
- This one is bullish. Going up strong.
- There are no bearish signals here.
Daily chart:
- Based on the last all time high, there is plenty of room left for growth.
- The MACD shows room for growth as well and positive divergence.
- There is a breakout on the daily chart.
- SMA20 crossed the SMA50 line recently, another bullish signal.
- RSI is overbought so NXT can have a retrace before it continues.
- Very low volume allows for plenty of room for growth.
Here is a closer look at the daily chart:
Targets:
LONG TERM
(1) 0.000045
(2) 0.000065
(3) 0.000080
(4) 0.000095
(5) 0.000111
(6) 0.000146
Thanks again for reading.
Kisses & Hugs.
Namaste.
XRP Was recoveringUntil USDT news and i'm calling more collaborative BS, the shorting from futures didn't have the desired effect and almost all crypto was following a nice rising support line. Just my opinion. Wouldn't surprise me if we get more news soon to knock the price down further. I'm buying at strategic fib points on the way down until the manipulators decide they want the price up.
$XRP Eyeing the bounce...Keeping an eye on $XRPs correction after such a massive climb. We look to be bouncing around in a falling wedge (in orange) that's sitting within a larger, 3-week channel (in green). The tip of the falling wedge intersects with our previous rising wedge support (in blue), our channel support and .236 fib. Also of note, the 1/2/3/4h RSIs are all oversold.
Looking for a strong bounce and confirmation around those levels before jumping back in. If that doesn't hold with the low volume we might have through the holiday weekend, we'll be looking at previous supports/resistance/fibs to catch our fall to begin the new year. Overall, 2018 looks to be another great year for crypto and $XRP.
XRP going for Retest of ResistanceOn this 1D time-frame we see that after having broke Support lines A & B, XRP has successfully tested support line C and is headed for retest of Line B. Although Line B may be breached I do not expect it to hold. All the while the MACD lines are currently crossing in favor of XRP so that is a positive indicator as well. My entry point was .24 and my TP is at .35