XRP Looking to Overtake ETH? Or is something else at play?I've been following this pair since the XRPETH breakout around September 15th, 2018. The reason for this is Volume and volatility. This pair has experienced pretty volatile swings since the breakout. I traded my ETH for XRP at the circle with an X marked on the chart, when it broke past previous long term resistance. This was a no-brainer trade for me. This was a long term buy, as I became more bullish on XRP than ETH.
So far, XRPETH hasn't even tried to retest the 0.0015 previous strong resistance as support. This seems unusually bullish, since I originally thought the ratio would need to get back down there. In trading, nothing NEEDS to happen. Right now, we are still in an uptrend, and this is the strongest XRP has looked against ETH in a very long time (if ever).
However, something else might be going on with this pair, and this is why I might exercise some caution here. There is a possibility that a large amount of ETH is being accumulated at this time (although it does seem fairly weak by comparison). We could see a sudden drop to the 0.0015 level. If that level fails, then it will be confirmation that this has been a huge accumulation period for ETH. This is what I mean when I say "something else at play."
If this sudden drop does NOT happen, then the uptrend should continue from here, and XRP should overtake ETH for quite a while, if not permanently. When I analyze something, I always like to look at possibilities and potential setups.
In conclusion:
Good entry points:
0.0015 (previous resistance turned support). Need confirmation. Eventually we MAY have to retest this level.
0.0026-0.003 breakout (most recent resistance)
0.00087-0.001 long term bottom of range, if ETH goes on a spectacular run.
Sell targets:
Not planning on selling for a while, but possibly if:
0.0019 falls convincingly, rebuy at 0.0015
0.005 is reached
0.0015 falls on a retest
Remember, this is not investment advice and I am not a qualified financial advisor. I have only a year's worth of experience trading markets, but I enjoy learning (and sometimes making great trades!)
-Victor Cobra
XRPETH trade ideas
Increased Position in XRPHello,
This is my first trading view. Hope it goes well :D
I have increased my position in XRP. My position is made from 30% Bitcoin 70% Ethereum of my holdings. I am interested in the money transfer aspect of it, and I like the reach out to corporations. Not having a centralized wallet is lame though.
I don't do angles and lines on charts, other people do that well. I read their opinions. I trade on looking at fundamentals (which I get from other analysts on TV) and my feel. Crypto is about riding waves. I hodl and maintain my most of my assets in crypto. I have done this for 3 years so far.
Current portfolio composition:
BTC 16,2 %
ETH 50,7 %
BCH 9,6 %
LTC 0,4 %
XRP 23,2 %
Peace
Give me Licks :P
XRP ETH A Cup and Handle to form?It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher.
While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle.
All though MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line, similar to this .002 support area we are in.
If this .002 level holds and head towards the .0027-.003 area, and eventually get a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
-Sherem
Ethereum is toast against XRP! Ethereum is toast against XRP! Broke out of channel formed during 2018 on good volume and back to Dec highs set
in 2017. XRP currently forming a Bull flag and looks like higher prices to come for XRP should it clear the yellow box on good volume. XRP is a buy in the yellow box area.
There is a possibility for the beginning of uptrend in XRPETH Technical analysis:
.RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.000979 to 0.000915). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000979)
Ending of entry zone (0.000915)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.001080
TP2= @ 0.001130
TP3= @ 0.001172
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
There is a possibility for the beginning of uptrend in XRPETH Technical analysis:
.RIPPLE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.000979 to 0.000915). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000979)
Ending of entry zone (0.000915)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.001080
TP2= @ 0.001130
TP3= @ 0.001172
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
XRPETH - trade in volumes zoneFriends, good afternoon. Today the day began without major market movements. Analysts of our company and I chose the safest trading assets and decided to share one of the ideas with you. There are a lot of money in the market, so everyone will have enough.
We decided to pay attention to the crypto-currency pair XRPETH .
Movement on it is relatively calm, against a background of calm and moderate market. Therefore, trading from the levels should all bring the expected result.
As we see, the price rested in the lower zone of resistance and it certainly does not want to pierce it. There are no volumes in that zone, so it is better to trade in a high-volume zone. Therefore, we believe that the price, within a few days, will go to 0.00106651. Stop can be set in the zone 0.00097859. A trip to the stop should not be expected, so we hope for a good profit.
If you want to receive more profitable bargainings, welcome to the site cdlcrypto.com. All registered users receive the freshest trading ideas from analysts of our company :)
All good day and profitable trade!