This would be my first trade analysis published, showing trends for XRPUSD since the parabolic late 2017, and into the correction during 2018.
Let's talk about Ambulance-Zones, using the 2-hours charts; top in green itemise the best-case top tend line, then bottom in red itemise worst case using historical charting, this for longer term activity, and then for more short-term support with the right-most horizontals. The analysis shows that between 8th March today, and 20th March in two weeks, is likely to be a critical time for XRP during it's consolidation period after the heavy (anticipated) correction. Top and bottom tend lines show a convergence towards a cross-over price at $0.88 on 20th March. During this period two week period, the Ambulance-Zone, where price is likely to stutter representing some key buying opportunities, highlighted as a red box, would show a heavy support at between $0.51 - 0.60; the closer to 20th of March, the closer to $0.51 the price is likely to go (worst case on trend). Worth noting here the most recent major low-point at $0.57 on 6th Feb. However, within this Ambulance-Zone period, there is a secondary support line that people may want to consider buying at, that runs across the Ambulance-Zone at $0.70 - 0.55; again, the closer to 20th of March, the more likely the price hits the bottom end of this range.
XRP is currently trading as over-sold, on the RSIs and the for 12 and 26 runs favourable for a healthy period from today 8th, until around the 12th / 13th March where MACDs shall cross back above 0-line favourable to sell-orders and a down-turn. I expect a major bear-run between 14th and 16th March meaning those who are waiting for a jolt, could be in for some nice Easter bargains.
It's interesting that the convergence on 20th March, and it's preceding Ambulance-Zone, coincides with a few other major trends - 1) Firstly the market sentiment that the correction is not quite over yet, and 2) Also that every year for the past 5-years, (similar to Jan each year) the market has taken a significant drop . If you look back to the annual charts in March and April, it's clear to see a downward trend that begins around the 9-18th March, and goes on for between 7-45 days (spending on which year you refer to). The downtrends have been as small as 9% reduction, and as large as 83% reduction, but it's definitely happened each year.
So taking this into context, it's highly likely that the market is going to take a sharp drop during the Ambulance-Zone, where sentiment in the market could flip to "Correction over".
Keep an eye out for the Rocket-Zone shown as the green-shaded square. If there is low trade for a period of 2-3 days in the run up to the 16th March, that implies a continuation of a clear symmetrical converging-triangle pattern, the market is content with it's trading position and that would generally be , particularly if there exists a positive piece of XRP news brought to market by Ripple. If this happens, there is likely to be some heavy . If the price stays within the triangular RED/GREEN price zone (roughly $0.82 - 0.96, during 16th - 20th March), in particular, and IF there has been a 9-25% drop in price in the week preceding that (in keeping with the past three years market jolts at this time of year), then confidence in the upside during the Rocket-Zone will ensue. Conversely, symmetrical converging triangle patterns can be negative, however that is likely to be contingent to the trading activity in the days before it.
This has a few implications; firstly there's now a lower trend line, a few days sooner than expected, which may mean the convergence back up to $0.88 will take a few more days (potentially first week of April, also in keeping with previous years dips in March), secondly that it's now highly likely the two lower target-lines (shown in RED, descending in parallel to each other) will see some action. This becomes a pretty clear target zone for buying opportunities. So a descending target buy price of $0.68 - $0.58 today (9th March) and dropping steadily for the coming nine days towards a range of $0.58 - 0.49 on the 18th March.
It's important to note that any jolt in price towards this 11-day Ambulance-Zone, $0.19 target-gap (between upper and lower parallel limits above) will almost certainly be a momentary dive downwards, much like the 5th Feb 2018 drop, where the price dropped from a high of $0.75 down to $0.56 (a similar sized drop as I am proposing here, of $0.19). In this case, the drop had completed it's descend within just a 24 hour period. The best buying opportunity below $0.60 was only available for 4-6 hours.
If you're planning on buying during this expected drop, best to get the limit orders in early!