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XRP / Euro

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XRPEUR trade ideas

XRP - 1W - Long did you say?On short term, I do not see XRP long on my chart. Maybe it's because I use Kraken based chart but I see we are still under the big resistance of the pink triangle. And all the Stochastic / RSI are overbought in all chart. Only 1W chart is ok with these indicators, but 1W chart is for long term trade... I see hundred of charts only based with horizontal lines, no indicators, no trend lines and can tell this is long, we are going to the next resistance. I don't really get it.
by Spare1
4
XRP - 1D - Decsending triangle limitHello, Relating to the last chart, we are approaching the pink line of the descending triangle. Looking at the stochastic : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart. Looking at the RSI : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart. Looking at the EMA : We see that the pink line crossing can correspond to a golden cross, that could validate the importance of this triangle. In my opinion, I'll try a short trade for next move with the bottom of the triangle as target. Then we have to make an strong analysis to understand what will happen next. There is a chance that the price will beat right now the descending triangle but technical indicators are showing the contrary. Don't forget the to put safety limits.
by Spare1
XRP - 1D - Beware of the hypeI've seen a lot fo charts based on the crossing of the blue line of this chart. I'm not confident that the 2 years triangle is made with the blue line, but the pink line. Indicators are showing a Stochastic near to 100 and a double high with the same indicator. I should target something like 0.255€ - 0.26€ and sell at this price. Then I'll try to short with pink descending bottom as target. Then the big triangle could be almost finished and we'll see what will be the big move at this moment.
by Spare1
XRP - 1D - Let's test the big ResistanceXRP got blocked today by the small blue and crossed resistance that is acting as a pump support for testing the big one in pink. Stochastic shows overbought and I'm thinking about its future scenario untill the good one. On the 4h chart stock is oversold, that means on short term we will continue to climb. A good target should be 0.26€. Then if we don't cross the pink line, we can think about shorting to the pink bottom. And then we can prepare for a big trend change as the pink triangle is soon finished.
by Spare1
2
XRP - 1D - About the current movesWe have broken the mini descending triangle in blue, but we are still in the big one in pink. On the 1W chart we can see the Stochastic is still very low (oversold) so we can imagine the price reaching the pink resistance in the following days/week. The EMA lines are still showing that we are not near a golden at all. So, after a quick visit to the resistance, I'd see come back to the support again before the end of the pink triangle... And then, we'll read the indicators and charts again!
by Spare1