#XRPUSD#RIPPLE, Back to normal or will we have a surprise?As we will see in the current review, there are some technical issues to continue the ups.
The Ripple failed to rise above the 200 moving average line and instead returned to decline.
The one last candle was closed in the form of a Doji and the candle that came immediately after the Doji is red which is a confirmation for a bear model.
The XRPUSD is still in decline if you look at all the technical data.
A short-term goal: 0.25 (We have not yet fully eulogized)
Xrpusdforecast
ridethepig | XRP Market Commentary 2020.02.13A timely update to the daily chart with risk entering back into the picture it is a healthy profit taking leg in play for buyers. Those who have been loading at the lows can finally begin to cover and open up some sell-side opportunities. Expecting a day of consolidation and then some more cooling off from the impressive rally.
The squeeze is still very clear and I think it makes sense at these levels to outguess profit taking from the buy side. I don't think this is anything other than a mini bounce. Early selling from the usual suspects on the London open but since once again the algo machine buying 0.30 seems to be buying in huge amounts. Will watch closely, the intention is to continue trading the leg higher with a modest short-term short.
As usual thanks for keeping the likes and comments rolling!
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22091 where it could potentially rise further to 0.24166.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
2 possible scenariosI foresee 2 possible scenarios.
Scenario 1: Price bounces of bottom of the trend, makes fake breakout on top of the line and goes in decline, potentially break the lower resistance or simply bounces from support line.
Scenario 2: Price breaks through and finds support where resistance is to continue further growth
Hit like if you find value in the analysis.
Also, give me a follow for your daily XRP trend analysis.
I make them mostly for myself to see if it's still smart to hold my positions or whether it's a better idea for me to (temporarily) let them go.
Make sure to only use the analysis to learn from and to create your own ideas.
Starting soon with some courses in TA to better my skills.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Good signs for further growth!As mentioned in my previous post
, a new high above the level of the left circled high needed to be established for further growth.
- Since this happened I expect a restest of resistance levels in the 0.25 area
- Uptrend has not been broken and will continue to find higher support levels
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD to climb from upside confirmation, potential bounce!
XRPUSD to climb from its upside confirmation at 0.24447 where it could potentially bounce further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22555 where it could potentially drop further to 0.20951.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD buy on H5Plan : trendline breakout --> wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22278 where it could potentially drop further to 0.20000.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD forecast on H4, possible triple bottom formation !!Note : XRPUSD failed to breakout 0.23400 resistance (link below), now prices has the potential to form triple bottom pattern, wait for breakout !!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XRPUSD forecast on H4, possible to test 0.23400 resistanceNote : potential double bottom formation is seen starting to form, wait for 0.23400 resistance to breakout
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX