mzungu2017

mzungu2017

Looking at the long term chart, one can see we are in a correction phase but still inside the bullish channel upwards. If the 2. support zone gets broken we will leave the channel and might see a further downtrend. Putting stop loss at 1.50 (just my idea...)

mzungu2017

Looks like a pennant is forming towards the support line. If we see price bouncing up from the support line, I expect a new high at around 4.25 (Fib retracement crossing resistance line).

mzungu2017

Looks like after a 5 wave impulse sequence we now have a 3 wave corrective sequence, ending around 2.30-2.35 (near the low of Wave 4).

mzungu2017

Looks like we are entering the 5th wave of an Elliot Wave pattern. Stoch RSI shows bullish reversal as well.

mzungu2017 Updated 

XRP/USD has passed the 2.10 resistance and moves towards the previous all-time high of 2.45. Target 1: 2.45 Target 2: Target 2: 3.13

mzungu2017 Updated 

Waiting for clear breakout confirmation. If closed bar above 2.10: Target 1: 2.45 Target 2: 3.13 If closed bar below 1.80: Stop at 1.60

mzungu2017 Updated 

Looking back, one can see that the previous breakouts consolidated around the 0.5 fib retracement. Looks like a new pennant is forming; that could give a rough indication for the scalping range:

mzungu2017

Are we back on track of a major trendline that broke out of the yellow channel two days ago?

mzungu2017 Updated 

Looks like a nice harmonic pattern is forming within the pennant. Nice clue for scalping. With good news about Ripple possibly early January, I expect a positive breakout at the end of the pennant.

mzungu2017

Might be that we see a correction back to the line of recent breakout's starting point (1.37, equalling 0.5 Fib retracement). Following the original channel (green), we should be back to normal at around 1.45.

mzungu2017

Is the recent break through the ascending support line the beginning of a larger correction?

mzungu2017 Updated 

Buy again at around 1.40 Dips could even be possible around 1.20 level, if happening soon within the channel.

mzungu2017

I observed that XRP/USD previous highs followed a periodical pattern. Will next high be at 2.00 USD on January 5th?

mzungu2017

Pennant is forming. If price breaks out of upper (declining) line and closes above the reistance at around 764, we might see an uptrend with goal around next resistance level of 860.

mzungu2017

XRP/USD bounce back into channel at around 1.38 Strong support at around 1.22 (also fib retracement)

mzungu2017 Updated 

XRP/USD is consolidating towards the red trendline. I expect it to bounce up from the trendline within the time frame of roughly 24 hours. Watch out for the current channel (purple) meeting the trendline and breaking out upwards with a solid bar, closing 30m above the channel. However, in my opinion, any buy between 1.05 and 1.10 USD even now should be fine. Just...

mzungu2017

Looking at the trend line and previous resistance levels, 1.05 USD might be a good buy.

mzungu2017 Updated 

XRP/USD broke the previous resistance/fib level at 1.150, MACD showing bullish reversal. Goal 1: Fib retracement at 1.1777 Goal 2: Fib retracement at around 1.250