XRPEUR trade ideas
Up but not nowThe downtrend (blue resistance) will be hard to break. We need a clear reversal pattern to break it. It's very likely that we go back to 0.45 before the bull run. The inverted head and shoulder will be complete. This right shoulder will let the trader whoses didn't go onboard to do so, and this way, we will have enough power to break the trend.
Appendix to the first graph !!I think that this variant will just play ... if I'm wrong ... I'm just a little man under the big sky :-)
Strong buy @0,5EUR.As the second wave's decline was very strong, the fourth should not fall very deeply. Hopefully, it will remain at 0.38 ...
Let's play the triangleI love to make triangle and I want this triangle with a beautyfull breakout mid may. And then, ladies and gentlement, get ready for a firework end of may/Beginning june.
XRP way to the next bull runConsolidation before the next bull run is starting. According to the previous cycle, we need 3 waves with higher lows as a consolidation before moon end of year. I think that chart show the most likely scenario for XRP during the next months.
XRP price reversal!Over the past few months the XRP price seems to have formed a wedge pattern. As the wedge has developed it has emerged as a falling wedge indicating the price reversal will be in the opposite direction to what we have seen recently.
Once the price breaks above the upper trend line it will signal a breakout to a higher price and rally. The wedge has lasted a while, narrowing into a smaller and smaller price area helping with anticipating when then it will eventually breakout.
This could be a chance to make trades before the breakout which seems to be on the horizon over the next 10 days. For the risk averse its better to wait until the actual breakout occurs than to speculate on when it will happen.
Consider taking a long trade, and shy away from short trades.
Remember, this is only my view shared as an idea, and you should trade only on your own reasoning not mine!
Good luck and happy trading ;)
Perfect inverted H&S theoryIf we want to draw a PERFECT inverted head and shoulder, we have to be in 16 days on the 0.5 fib retracement (0.58 euros) to draw the second shoulder, and it's exactly where we will find the big triangle resistance... Hum...
This could be an awesome chart pattern !
(Hope the whales agree)
0.37 Double bottom ? In the case we don't go below the previous bottom 0.37e before tomorrow, and we go back to 0.39 we will find a double bottom and the downtrend will be broken. In that situation, I expect a symmetrical move in the upside direction. Time to FOMO seems near for me.
PS : Excuse my english...
Botttom reached ?XRP reached the top of the previous cycle. For me it's a big resistance, it can be a good bottom...
Long Long Long XRPHello people,
we saw an 80% down movement which we can consider it a discount to buy from a MAJOR demand area, regarding to the selling days volume they are not risky to continue the down movement, it's matter of time to fill the big buying orders then the market gonna move as well.
don't forget the Major Supply zone in the latest TOP, potentially it has lots of selling orders not filled yet. just be careful if the market went down later it doesn't mean the down trend is continuing,. it's just filling orders from the sellers.
XRPEUR Possible descending triangle - fishyThere's a descending triangle forming on XRP daily chart. It's a bit fishy though, since the triangle space
is not properly filled. Volume is also dropping, but should explode on breakout. What do you guys think?
XRP longterm prediction 7 euro's, about to break outXRP is breaking out of the trendlindes within 3 days. I'm using the fibonacci retracement and extention tools and the elliot wave. 4th wave never drops into the wave 1 region.
Welcome to the consolidation XRPI expect 3 consolidation waves forming a channel between 0.3 and 0.7 fib. Breakout between june and septembe, I think this time is needed before the next rally.
My analysis is based on the first cycle.
Do your own research, trade carefully.
