Get started

XRP / Euro

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

XRPEUR trade ideas

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
GOD ARE YOU THERE?"O desenvolvedor Ryan Fugger, o empresário Chris Larsen e o programador Jed McCaleb lançaram a empresa de software Ripple em 2012 e sua moeda digital, XRP, é vista por alguns membros da indústria como o sucessor lógico do Bitcoin. O New York Times descreveu a Ripple como "um cruzamento entre a Western Union e uma troca de moeda sem as altas taxas" porque não é apenas uma moeda, mas também um sistema no qual qualquer moeda, incluindo bitcoin, pode ser negociada. "A Ripple conecta bancos, provedores de pagamento, trocas de ativos digitais e empresas através da RippleNet para fornecer uma experiência sem fricção para enviar dinheiro globalmente", explicaram os criadores. A Ripple licenciou a sua tecnologia blockchain a mais de 100 bancos. Existem quase 40 bilhões de XRP em circulação, para um máximo de 100 bilhões que podem ser criados."
Long
by NunoBelemFX
Unintentional ObservationSo I had this gigantic triangle, which every trader has and I dont consider myself a genius, but I noticed something interesting. Ever since we broke out of it hard on Christmas Eve, it has became some sort of a resistance. I am curious how it will play out. I cannot tell you a buy in moment or what direction it will go. I believe up but we will see. If it would drop to 0.27 it would be a perfect moment to buy but I think I would FOMO in at 0.30. As always, my 2 cents, no crystal ball :) Stay positive, take profits and plan accordingly!
Long
by Gi7vis
XRPEUR buy opportunity H4Price may go up from the actual price as we have a bullish FIVE O pattern , or may form a Gartley pattern at 0.275 an untested previous support level before going up . If price close above 0.35 with high volume of transactions we will have a complete inversed head and shoulders pattern and trend will keep bullish for very long time (few weeks) I will hold my position then as Ripple is at previous monthly support and will probably bounce on it . Disclaimer this post represents our personal point of view and is for educational purpose only and does absoluetly not constitute any solicitation to invest , buy or sell .
Long
by slim7