Elliott Waves ForecastJust an attempt to count Elliott Waves for XRPEUR from 2017-12-12 to 2018-01-06.
If wave 5 of the minor wave (the bold cyan one here) is correct a minor correction scheme (purple ABC) should follow before we move up again with the next impulse wave (purple 12345, which time range I made shorter in order to make sure you can recognize the wave counting better).
XRPEUR
Is XRP at it again ?Anyone who followed XRP since a couple of month can recognised that pattern and know how it ends up... Hopefully that symmetrical triangle will show us another nice bull run.
Short term XRP trade. Target 3.3 EUR (thats passed 4 USD by a couple of cents) , which has already been reached last week on a couple of Asian Exchanges.
Optimistic Repeating PatternXRP is still strong as no fundamental information has changed (technologically useful for banks, used by credit companies, rumors about entering Coinbase).
As we have seen in the previous movements the correction went between 61,8 - 50 % fibonacci. Then a little consolidation sidewards before the next upward movement begins.
In my chart you can see the fibonacci retracement levels and time which I made for the previous and the current movement. According to this we will aim for a correction price range from 2,10 to 2,40 €, thats your dip (blue).
I guess we will see another consolidation sideward movement for tomorrow before it has to be decided in which direction it will move on, which will be up to around 3,25 € according to the overall trend, thats your target (green top).
Nevertheless, do not forget to set a stop loss limit below the green support or trend line. If this support breaks and shortly afterwars the bottom upward trend line breaks, we will see a much further movement downwards to 1,63 or even 0,83 €.
Ripple/EUR going upAfter another healthy horizontal period (highlighted), although shorter than the last one, we're going up again. The blue line signifies a gradual support line. The red bearish trend line has been well and truly broken and we're out of the short fall in value.
So it looks to me like we're going well above 1 XRP/EUR next.
Ripple(XRP) to $3.55BITSTAMP:XRPUSD With news of XRP being picked up by coinbase and the recent gains we might be able to break into a new structure higher. Key resistance to break higher will start at the .786 retracement of 1.21. If we can break that we will have to see where our first pullback is. Ultimately our long term forecast is $2.45, then $3.12, and shortly after $3.55. I have been trading ripple (XRP) since .15 when the market cap was under 1 Billion. Good Luck and trade safe.
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XRPEURBITSTAMP:XRPEUR is having huge trouble at major resistance line , always bouncing back to support or trend line. Hopefully BITSTAMP:XRPEUR going into escrow account untill the end of this year will help crushing that resistance line. With more good news like NYSE:AXP last month more people will recognize BITSTAMP:XRPEUR as a good investment and the price will rise.
XRPEUR Short Breakout ConfirmationMy first post anywhere related to trading as I'm really here to learn but I have been following this chart for the last day on the 4hr and 1hr time-frames to see which way it will break. Triangular patter was drawn in the wee hours before the break. Stoch-RSI, RSI and CCI all show overbought on the day frame so very likely to have some strength on the way down. The last two bars have both closed and opened lower after breaking the trendline so could be a good short down to the 0.618 or 0.5 Fib line.
Btw I bought in Ripple at 0.17 and my plan is to buy back after this move bottoms out and signals upward again. Would appreciate any thoughts on this.
XRPUSD Trade OpportunityWe see a very popular bullish pennant.
Target is based on size relative to uptrend, which is generally synonymous to breakout.
We will wait for a breakout of pennant resistance to the upside and use that as bullish confirmation to enter trade as we do not mind missing 5-10% gain to lower risk greatly.
There has been news of Coinbase listing XRP, and seeing that this is the cheapest coin, most retail investors will be biased towards this and think it has the most room to grow, disregarding for a simple economical analysis showing the amount of coins in circulation.
Looking for completion of Elliot Wave pattern in RippleI know these less known crypto's suppose to hold great promise, but i am a little bit skeptic.
The lower the cap, the more prone the coin is to manipulation by larger holders.
That being said, let's look whether technical analysis applies.
I'm looking for completion of Elliot Wave impulse pattern followed by a correction pattern.
I expect Ripple to finish this pattern first before ripping higher.
XRP (Ripple) - Money maker in November (Expand to Japan) ?!I know a lot of people hate XRP, but I love it. Compare to other CC is actually quite stable and it`s not very volatile on day to day basis. In Novemeber, they will host more than 5 events (13.11 Singapor event, 15.11 Fintech event and the most important event: Japanese exchange GMO will add XRP/Ripple to their exchange, probably on 30.11 ).
Source:https://coin.z.com/jp/corp/about/news/press/20170913-01.html
Happy trading :)