Falling Wedge Breakout! .60 is NextHi Everyone! My first Post Ever!
An upwards trend has been respected since the bottom .47 cents.
Price has stayed above said trend reaching up to .60 couple days back.
As a retracement continuation a Falling Wedge was formed which now has been Breached.
Price is now consolidating between the 50 and 20 MAs. Only waiting for its instant push upwards to .60 in the coming days
What are your thoughts? let me know in the comments below!
Thanks for stopping by, Cheers!
Xrpusdbuy
Clean Falling Wedge BreakoutHi Everyone! My 1st Post Ever!!
" potential Breakout to 0.60 - 0.63 in the horizon, within the coming days."
A Strong Uptrend has been respected all the way from 0.47.
The price has entered a Falling Wedge Pattern and currently Broken Out and into the small neck of consolidation before going off to the next price targets of .57 and .60.
The visibility of small neck consolidation can be illustrated with the MA of 20 and 50.
Once reaching .57 we see that Volume and Candles start to get much bigger than normal. This indicates that once at .57 expect a quick rise to testing .60 mark again. And this time even Going beyond it to .63 Where then might be tested for a significant Retracement.
.57 to .60 Mark is a gold mine for Scalpers and Day Traders.
Let me know in the comments what are your thoughts. Thanks!
All are only my sole Opinions! Thanks for your time, Cheers!
XRP is about to blow up!Here are my thoughts about where XRP is going next.
The initial idea I have published last year got delayed due to the SEC irresponsible and soon to be proben wrong actions. Nevertheless, the chart still looks bullish respecting the initial EW count expecting to see the 3rd one to continue in a very explosive move. After the initial move to $0.75 - $0.80 area back in December the MACD had reset to zero and there's a lot of room to the upside. The price of XRP has been consolidating for about three months in the $0.25 - $0.60 area and a second attempt to break the $0.75 - $0.80. Once the break will happen, then we will see a rapid move to $1.25 - $1.35 and a continuation toward the ATH and past that. Personally I am expecting XRP to top EW 3 around the $13 - $14 area , followed by a corrective wave 4 and a then a flow off top around $20 -$22.
As we are looking at the weekly chart, one can argue that the price has been consolidating now for the past three and a half years since the $3.80 ATH and usually, the longer the consolidation lasts, the more violent the breakout will be.
As always, good luck and make sure you don't over invest in any markets and you are comfortable with the risks taken. My ideas are not investment advice but only my opinions and analysis on these charts.
XRPHi There Fellow Traders, welcome to my idea on XRP. Feel free to drop your comments on how you feel about this idea
Despite facing SEC charges, XRP has relatively been performing on its own during these recent past times.
Taking into consideration that XRP is always the last to make a move I've decided were heading to green pastures in recent coming times and we could expect to see a nice long move to the upside once the right shoulder forms, by breaking the neckline and confirming a breakout.
HODL TO THE MOON- unknown
XRPUSDT - a PennantWhat Is a Pennant?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
all the goals are drawn on the chart!
XRPUSD Ripple Buy Long - New Day Week Highs imminent ' Forecast Having just really moved sideways over the past week we still see No Good Reason to be short here.
XRP Sellers may be rewarded if right, but clearly the Risk to Reward opportunity is still with the buyers.
As stated in previous post the Crypto Market is extremely Volatile & anyone trading it has to have both their
MONEY MANAGEMENT
& Trading DISCIPLINE In Check .
The swings in the Crypto currency market don't take any prisoners.
It's easy to get completely wiped out using excessive leverage without good knowledge or discipline.
Any how we are still long XRPUSD ripple and will wait for the ride to begin.
Many times the market will have a trader trading in and out of a position many times exhausting their patients before the market makes the big move one was waiting for.
For that reason we build a plan based on preferred and optional entry areas, when trading crypto and wait for the opportunity to enter, then just sit back and let the market do the work.
(Nothing in trading is guaranteed but you can't win if your not in)
Has XRP started to enter the rising super cycle trend?Has XRP started to enter the rising super cycle trend?
For now, XRP has pressure to go down, it can be seen from the price breaking below the trendline, but if we look at the outline, it could be that XRP is starting its super cycle.
With the right risk limits, we can get extraordinary profits if this analysis is responded positively by the market.
We can make purchases in the price range 0.46 - 0.4
XRPUSD now very bullishXRPUSD is now very bullish. I explained buying at the bottoms in December/January so I am not only just now jumping on the bandwagon. I was in and telling you all to get in when everyone else was saying XRP is dead.
This will be the third attempt at a break at the 0.70-0.75 region, sellers are out of the market at this point so we should break 0.75 and start climbing to the highlighted zone. All the technical are bullish...
The crypto market crash is upon us and I have a sneaky feeling it will come when XRP is close to a dollar and BTCUSD is around 50-55k
lets finish our deals for tonight with XRPas you can see it is a scalping deal so please be careful
and trade with capital management
the SL and the TP are marked
the buy area start at the green line
the important time after few ours
4 hours or a little bit more
i hope you a nice week end
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