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Xrpshorts

XRP fluctuates between support and resistance.Hello everyone, let's take a look at the 4H to XRP chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.74 if the support breaks, the next one is $ 0.69 and the next one at $ 0.63. Now let's move from the resistance line, as you can see, the first resistance is $ 0.78, if you can break it the next resistance will be $ 0.84 and another $ 0.92. Looking at the CHOP indicator, we can see that in the 4H interval, despite the move, there is still some energy for the next move. It is also worth paying attention to the MACD indicator where we can see that the blue line returns and if it crosses the red line from the bottom it can give a continuation of the uptrend.
by cryptodailyuk
XRP Possible Golden Cross?The green line represents the 200 moving average, and the white line represents the 50. I will be on the watch to see how the price moves above OR below these two major moving averages. Currently, the Bitcoin Dominance is breaking below the 60% range, and may go lower over the last few months of this year. Almost like it played out in late 2017. This is only my opinions, and not to be taken as trading advice. just sharing what I see. I hope everyone has a good week, happy trading!
by MrMoneyMatrix
1hr Observation 48-72hr left We are observing the middle of the month and 11pm to 11am timeframe on November..... 15th 16th 17th I have marked the current channel, pattern structure (pennant) and horizontal buy/sell wave on top of the channel. The purple arrow route would indicate strong support where we currently are in the price zone. It also would recognize a more slanted pennant indicating more exhaustion for the bears. Less risky buy zones would be bottom of the channel near golden arrow zone or exiting of the channel Speculation: 1 more drop come around these days around late in the night and a day and a half for it to reverse thereafter. We can head as far down as the golden arrow. This is just an added chart to our XRP follow.
BITSTAMP:XRPUSD
by AschraM
11
XRP oil monthly overlap secretBEFORE YOU READ THIS PLEASE UNDERSTAND THAT CORRELATION DOES NOT MEAN CAUSATION! The only way you can do this is by overlapping the charts. You cannot see this unless you do that. This shows some correlation between XRP and OIL traders. You can call me crazy but thats what makes me successful. Looking for things that aren't common. Something I found here interesting I wanted to share was that when USOIL and XRPUSD consolidate and wave back and forth you will notice both will rise and fall together when they show similar structures in market direction. Nothing is exact but it will be "similar" in distribution and accumulation and the movements seem to happen every other month. I made this analysis idea on the monthly so that people can view it on a 2 month basis and follow this overlap. The point of this idea is for you to see how the big players who play in oil and xrp swap their assets to make money both ways. You will notice similarities on the daily structures as well. Again..not exact because history doesn't repeat but it sure does rhyme. This idea can give off probably 2 strong signals a year if we continue to see similar trade structures develop as DA's and XRP grows. If XRP truly is the digital oil for the new asset classes a $100 dollar XRP isn't as ridiculous to speculate as some naysayers think. Obv it can take years or happen in a matter of less than a decade. We will truly know soon enough in the next 2-3 years. 2020 - 2021 chart structure will be important for us up to 2030 as we watch XRP grow and regulation wraps up these last 2.5 - 3 years. We are year 2 into regulation. 4-5 years was the completion outlook by the SEC and CFTC. It is also just long enough for every large corporation and bank to build their block chain ledger systems. As always traders. Be safe. manage risk. Think outside the box. Take this idea for fun and for possibilities.
FX:USOIL
by AschraM
An excellent roadmap idea for XRPUSD tradersA clean roadmap with some fibs and ABCD moves If we get a bullish BAT it will show after leg C to D @ .1996 price zone If we get a bearish shark and have a swing to .42 cents I will be looking for... 1. a bullish ranging flag for a continued buy that can go as far down as 61.8% on the hourly. This would pull price back to .28 or .29 cents zone ideally the community wishes to see a .53 - .55 cent rise by EOY..anything is possible...but we also have sellers putting pressure to .15 cents zone. Are you a buyer or seller in the short term? Do you think this is a symmetrical reversal zone? Or a leg C for 1 another move down to .19 cents trapping these buyers at .28/.29???? Overall this is a clean chart for all xrp traders. There is no buy or sell setup at this price. If you're holding from .22 / .24 then take some profit off the table now if you are day trading. Set for breakeven. Rebuy at .1996 and repeat if we dip to a steep d2 bottom. Which is the flatline zone and s1 since XRP/USD was paired. So we have an idea now that... 1. XRP is most likely worth a minimum of .15 cents 2. Many supporters hold value at .25 currently 3. we have at least 3 banks using xRapid on a constant basis and Ripple has +250 signed agreements to use their RippleNet product and be able to tap into the inter-ledger system and use xrp for liquidity *if need be or for future needed services* 4. We are looking for May 11th - 19th BULL RUN to the universal #42 cents.. ;) 5. Swell is Nov 07-08 2019 and last year had a hype effect and sell off after the conference. 6. We could repeat 2018 swell hype 7. Bull fib angled at 43 degrees which tells us that bears are 57 degrees strong but bulls have "doubled" in momentum strength from a 19 degree angle to 43. 8. IMF launches their system Summer of next year which will be huge for the RippleNet ILP cashflow. 9. We have made a NEW HIGH and a NEW LOW ...I feel many of the banks who are currently with contracted agreements got their 75% discount on their escrow. Now they can literally x4 their xrp to 1.00 and not only triple their escrow holding but have a level playing field of debt with the federal Govt agencies of our nations. 10. There are 3 directions we can range probabilities from and RR. I have marked where I would buy and sell and take profit with the eyes. Red eye - sell pressure zone Orange eye - caution zone observe or TP or enter on a 61fib pullback Blue eye - buy pressure zone Please comment and like and support as much as you can! As always trade safe, manage risk, participate in many digital assets, support BTC and XRP ^_^ Peace. love. Trade
BITSTAMP:XRPUSD
by AschraM
7