Long
XRPEUR trade ideas
XRP consolidate may get bullish again in the following daysLet's be honest, there is so much good news about XRP, it's amazing, what we are seeing in charts right now it's only "noise" made by small investors taking the week profits , koreans mostly.
Anytime soon Q4 will push the bullish momentum higher.So in my opinion it can only exit the falling wedge from the top !
Happy trading~
ripple trend reversalThere is possibility that xrp is escaping it's downtrend. For the last day or two it was caught in a falling wedge, the upside of which being that a breakout is typically upwards. And that just happened, supported by bullish divergence. There is however still a larger downward channel in which xrp is trading, and it has to escape that to be able to start somewhat of a recovery. If that happens, it might retrace up to 1.95 euro
EWT Correction: bearish wave B followed by bullish wave CI expect purple wave B will go the full way to the end of former wave 5, which corresponds with the resistance line of the downward channel, the 0.5 fib speed resistance and with the support line @ 0,786 fib (= 0,786 €, what a coincidence ;) ). As wave B always consists of three subwaves it already could be counted as this but it is also possible that we will see a test of the support line @ 0,618 fib (= 1,23 €) inbetween the next days before it will go down to 0,786 € (yellow ABC). Therefore, this trade is very tricky and you could end up in a bulltrap (yellow (b)) when the downward channel is broken upwards inbetween.
The next critical point is the end of purple wave B as then a decision has to be made. The price has been on the upper downward trend channel since around a week and could possible fall near to its centre, which would be at around 0.21 €. Personally, I do not think this will happen regarding the XRP news but as markets do behave psychologically most of the time, nothing is impossible.
Regarding the recovery happened around the same time in the last years, I am positive and think we will see the purple wave C testing the support @ 0,5 fib (= 1,54 €) which corresponds with the end of the former wave 4.
There are 2 entry points and both are above the breakthrough of the downward channel. Either on beginning of the yellow wave (b) (be aware of possible bulltrap as described above) or on the beginning of purple wave C (long position is shown in the chart).
(This is no financial advice, etc.)
Ripple soon to hit the green cloud - going up?Possible very short analysis. Ripple is at the higher fibonaci support line, trying to break resistance.
However, its moving up and also trys to break the bearish downtrend.
I see the green ichimoko cloud, which would bring an uptrend. We will see if we can hit the next 1-2 fibonaci niveaus within the next hours to days.
Good luck everyone!
If you found the analysis helpful you can leave a tip:
LTC: LbRxAQoMs9dW6qbGZKNfWvaDWVbVWv5VtD
BTC: 1EqaH8jRtDQhPPJBtiVGCLQo6jXiNSBgs9
XRP: rULZj9YxU99u2ZBU2Ph3wPFfhQGuub6nyV
Short RippleMACD giving a sell signal
UO is going down
RSI is going down
Still in bear market
I suspect that BTC will hit the 8000 dollar and make a quick recovery.
This is just a idea not financial advice.
XRP EUROxrp might be in the end of it correction we'll wait for the break up the channel
good luck !!
Ripple Vs Resistence LineAs you can see #Ripple #XRP has continued to trade in the channel, while unable to break the resistance line within it.
If you check the volume, you will see it remains low.
Ripple is persisting between support line waiting break upRetracement is moving ahead perfectly waveing on 0.618 fibonacci.
Strong bull signal on RippleThe flag is in the making. If it breaks out of the flag it would be a very good to trade it to the upside.
what direction for Ripple?
Volumes are getting down
MACD is at its top
Sto is getting down as well
Next support around 1.05/1.06
fighting at 1.2I will hold over night because the 4 hour view looks promising with the MACD crossing and high volume on reversal (i.e capitulation)
XRP needs to break 1.2 EUR to see further upsideXRP has retested its 78% retracement today and bounced again. It is now in an uptrend going up to the downtrend from that major retracement.
We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR.
currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band.
Looking good, the next 4-8 hours will tell us way more.
Note that a break of 1.2 and retest of 1.7 should move the MACD on the daily in a uptrend which would mean much more upside.
The graph on the 4hour is even more interesting with MACD just about to cross and the middle of the boilinger band just around the downtrend. 1.2 will be an important test.
XRP retraced to 78% fibonacci level might bounce to 1.7in EUR: On january 9th the daily MACD lines crossed giving a strong sell signal. XRP proceeded to correct to the 78% fibonacci level, computed from the big pre-christmas advance that started the 0.2 to ~2.7 run.
There is now a small bounce on the 78% fib level, it could go up to the middle of the boillinger band around 1.7 , but before that it needs to break the downtrend resistance.
Watch for a break above 1.2 before going up to 1.7.
PS: I played the dead cat bounce at 0.75 eur which was retested today.
To the MEWNAlmost finished the Elliot Impulse Wave 12345
Fib level 78.6% already tested 3 times. I expect a upward move after another test.
MACD is in the Bullish zone.
STOCHASTIC bullish crossover
What are you thought?
