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XRP / Euro

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XRPEUR trade ideas

Bullish scenario in XRPwhat i see in xrp is, that is about to finish wave 2 in a bullish trend on the ( daily-weekly). and it has formed a BIG descending triangle, if this scenario plays out perfectly, we will get a last touch on the 7 months old support. if that plays out. i´m pretty sure we will be looking at prices around 0.35-0.50 in ending off may. (maybye april) if you pair the news about xrp there have been published in the last half off year. AND keep in mind that we are about to jump into the 2 quarter off this year. im pretty confident to say, that we will see a spike in the price, in the nearest future. BUT i will not call it a bull-run yet! i think we wil have to look at prices around 0.30-0.28 again. and THEN i will concider to call the BULL-RUN. but for now. I will be looking for longs around 1-5 april in the 0.26500-0.25900 ( maybye before) if you are using stop-losses it will be in the 0.24880 zone. it could give a great R/R 1:3 to target 1. 1 target = 0.29700-0.30700 2 target = 0.40500-0.45000 AND always remember to trade safe and make your own descisions and TA´S good trading here from ;)
Long
by hayolo
XRPEURHi all, This is just a quick update on XRPEUR. What an amazing previous 1h candle! Good volume, no upper or lower shadow and most important: green! XRPEUR pair seems to have created a double bottom with the low around 15 december 2018. Thereby it exited from the falling wedge and made its way back into the big green triangle. If price does not make a sudden and unexpected U-turn (or BTC does something weird), I would expect it to test the upper descending green trendline (red box) in the near future. ---------------------- Comments are welcome. Please like & follow for more TA. DISCLAIMER: This is neither a trading nor a financial advice. You are responsible for your own actions so do your own research.
by c_c
XRP - Symmetrical Triangle continuation or reversal ?stockcharts.com The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time. While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We will examine each part of the symmetrical triangle individually, and then provide an example with Conseco. Trend: In order to qualify as a continuation pattern, an established trend should exist. The trend should be at least a few months old and the symmetrical triangle marks a consolidation period before continuing after the breakout. Four (4) Points: At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs. Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout. Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months. Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime. Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case. Breakout Confirmation: For a break to be considered valid, it should be on a closing basis. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts. Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout. Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
by NoobOfTheMonth