XRPMXN
XRPUSD: THIS CHART LOOKS INSANEXRP has been slowly curving around on this larger time frame (1 Week).
As we can see, it has created an ascending triangle. Breakout is 30 cents to 32 cents.
Once that range is cleared, we can see explosive movement like we saw in 2017.
Check out the XRPBTC chart I linked.
This can be immense profit ahead.
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XRP possible oportunidad altista/ XRP Long Entry opportunityWith the rise in total stock markets in the USA possible short term Rally due to funding of it. There is still a strong correlation between Bitcoin and XRP making it a possible and quick surge up to our for the short term before ane other potential drop in overall markets. This is a high risk but with an even higher reward ratio so I'm keeping my stops tight.
Con el aumento de los mercados bursátiles totales en los EE. UU. Posible Rally a corto plazo debido a su financiación. Todavía existe una fuerte correlación entre Bitcoin y XRP, lo que lo hace posible y rápido en nuestro corto plazo antes de otra posible caída en los mercados generales. Este es un riesgo alto, pero con una proporción de recompensa aún mayor, así que mantengo mis paradas apretadas.
XRP - The global financial reform curve is mounting.With the SWELL conference only 19 days away... we sure have a nice setup. Still, plenty of FUD to go around... but something is in the air. Something is different. The entire world is changing, and it is being felt by many. It is foolish not to take some level of risk on XRP. I live a life very deep in tech, spend most hours of the day programming, and love the idea of a cyberpunk world. But even though, I think it is foolish to believe that Bitcoin will be the only crypto in the new worldwide economy. And the new global economy is underway. Most of us are blind to it, think we know better, or don't care. But those of us who are paying attention will reap the rewards. Just remember that wherever you are in the world, that you will need to take care of it. The greater your reward, the greater your responsibility. If you allow those around you to suffer, you will suffer as well.
We are at the true beginning of a very large sweeping global change. It is exponential. If you participate, your life will be forever transformed.
XRPMXN Bound to Make Lower LowsThe downtrend that has persisted in ripple across all currencies still persists. Bear markets can and usually are fairly tricky and Ill be the first to admit that I timed the bottom to early. Coming tho this realization I decided to wait out the bears until the exhaustion point which Im confident lies below the doted purple line. The break of this final low will most likely coincide with the extinguishing of buy and holders hope. Around the point that everyone thinks its down for the count, the bull market will probably begin.
XRP Descending triangleWe are seeing a descending triangle pattern on XRP hourly time frame. Usually this pattern is a sign of a continuation on a downtrend, but there are some interesting things to analyze.
- Stochastic is in the low area of the channel, and has just crossed, suggesting an upside movement is near (not matter if it is not to agressive but, considering that we are in the final side of the triangle, it do not need a huge bullish movement to break the pattern).
- The triangle fails to break at 2/3 of the pattern and has gone to the end of the Apex, this, (in some cases) can cause a failure in the pattern as the psychology of the market changes, causing a huge movement to the opposite side.
- There you can see a clearly divergence in RSI and the actual price, indicating that it could go upside any time from now in the short term, and, considering that we are just moving at the end of the Apex, any upside movement that close above the downtrend line, may cause a trend reversal and a failed pattern.
In the other way, considering the weekend, we might see not to much trading, and , if it doesn´t break in a convincing downside movement, the pattern will be cancelled and XRP will continue to move sideways over the weekend.
XRP/MXN BreakoutSome interesting thing over here.
- See how, for the first time since the downtrend starts after achieving ATH, XRP is breaking out the downtrend line in the 1hr time frame chart. Although we have to wait to confirm it is not a false break, it seems like trend is in a reversal move, we´ll see it in the next hours.
- Also you can see that bears are losing strength in the momentum volume indicator, bulls are starting to take control and buying volume starts to increase.
- Before the breakout, price was moving around an acumulation/consolidation zone which was settled at least twice in the past, and the price didn´t breakdown this time, which means a possible rebounce from there to the next resistance level $1.8
- XRP is trading in a confluence zone where it hit a previous resistance zone and a Fib retracement, if it break it, we can see price surge quickly to test next resistance at $1.8.
Lets see what happens in the next ours.
ETHMXN en continuación de movimiento bajista Hoy el desempeño de BITSO:ETHMXN sigue en un movimiento muy rápido a la baja, que durante el día comenzó a corregirse, aquellos que buscan hacer intradia pueden encontrar oportunidad en este movimiento al ir con la tendencia a la baja, en la gráfica de de un día podemos ver que aún hay un pequeño espacio en el indicador de RSI, así que podemos esperar que baje aún más el precio. Hoy el BITSO:BTCMXN vio un movimiento similar, y también se espera que el precio continúe bajando, el BITSO:XRPMXN de igual forma tuvo una rápida bajada, aún tiene movimientos muy rápidos.
Yo personalmente esperaré a que el precio baje al rededor de 4200 o 4000 para comenzar a tomar posición de largo plazo, y esperar una confirmación de sobreventa en RSI para la gráfica de día, y aquellos que quieran mayor certeza, pueden esperar un par de velas para tener confirmación de cambio de tendencia cono MACD.
Les deseo mucho éxito en sus operaciones de trading, y lo más importante disfrútenlo