We have new exchange open and Dash to Ripple gateway news.... We this be enough for next leg up?
Lets see if this idea is correct over the next 50 bars or so.
For me everything is pointing higher. 1. In the 4h chart all 4 indicators are positive 2. S-RSI is pointing to over sold 3. RSI is in a good area 4. Volume is slowing For me we also need to look at the news. We had 10 new banks come on-line but more then 50 more are in final stages of testing, We also have the Canadian payment conferance coming in May 30th with...
I was just loking at some patterns in the recent charts of XRP. I'm thinking somewhere in the lead up to the bank conference where Ripple is presenting and sponsoring we might bust out of this downtrend.
Ichimoku Cloud Check List: 1. Price Postion Relitive to Cloud (In Cloud "C") Could make for an edge to edge trade. 2. Bullish or /bearish Cloud 3. TK Cross (We Have "B") 4. Lagging span relative to Price and Cloud (We have "A") 5. We do not yet have a Kumo Twist "D" Dark Green Tenkan-San (fast) Dark Red Kijun-Sen (Slow) I will wait for one more 4h candle...
I sold some this morning from 2300 to 2650. But I still have quite a bit more XRP. I see the Q1 report came out and they talk about more possibility's for 2017. Lets see how we move on this new chart. I will enter more if we move a fill 4h candle into the cloud on my other chart. cheers, anyone else have some ideas thoughts on xrp?
If we continue to the Cloud and get a full 4h candle in the cloud this could set up an edge to edge trade up to around .00004400 (Point A) If we fail this we will probably retry support at .00002600 or worst case .00002300 and then maybe enter the cloud at point B Howerve by Ichi rules we should not yet be in this trade as we have no TK cross (point E) and all...
I'm thinking it will not bounce on the first path. I would guess path 2 or 3