Here's a detailed analysis of XRP on the hourly chart.
We clearly had five waves up ( 5 minor waves = 1 major wave up), then we saw an ABC type of correction (major wave 2 = correction). Next seemed like we are about to begin the start of the major wave 3, however, that's failed.
In order to attempt to form a major wave, we have to see another ABC correction. ...
I never traded NZD pairs because i never made profits from them but this setup here is looking lovelyyyy...
Buy Stop - 0.69500
Stop Loss - 0.68800
Take Profit - 0.73300
The Situation H1 :-
- 5 Day MA (Moving Average - Green) crosses 10 Day MA (Yellow) - Bull (see first thumbs up)
- 5 & 10 Day MA cross 50 Day MA (Red) - Bull (see second thumbs up)
- See Top Fib level for swing price action, predictive indicators below;
1) As long as 50 Day MA stays below 5 & 10 Day MAs - Bull/ Level Broken Higher Highs
2) If 5 ...
USDJPY Failed again yesterday at the 110 handle, a huge psychological level for the pair, it also sits on 61.8% fib from the jan to march sell off. we now have a double top forming, i have set a sell stop at 108.5, as if the double top neckline breaks we'll potentially see it fall to fresh 2018 lows. Have we just set a new lower high on the daily? could we be ...
My current count and where I added to my positions.
Was an easy short with everyone talking about btc to the moon it was an obvious short play to me and have made easy money hitting with my targets clearly with precision.
Could have played the B wave but the risk: reward wasn't there for me.
Peace, Love and Crypto
Hello Traders
Here's another detailed daily analysis of Ripple - XRP, but first, make sure to check out my previous analysis in Related Ideas section. We nailed the target by only 0.01$ difference which is impressive!
I believe we have started our journey of Intermediate wave 5 where the next long term target could be around 0.97 - 1.00 $.
From swing and day ...
*This article has been republished due to violations of rules*
Here's a detailed analysis of XRP on the hourly chart.
I believe we have done the ABCDE type of correction as wave 2, now we can anticipate the start of wave 3.
Wave 3 is never the shortest, and usually extends to x1.62 of wave 1.
First Target = 0.75 $
Second Target = 0.97
~~~~~~~~~
Make ...
After reaching the level of 0.00000314 the price has started a new bullish trend while crossing the FAST MA (EMA15), SLOW MA (EMA35) and HEAVY MA (EMA100). Also, the EMA15 is currently above EMA35.
Current bullish movement can be described with Elliott waves cycle, as the price has finined the 5th wave. 3 Elliott Wave reached the price of 0.00000458, after which a ...
With the bearish flag forming and holding as a strong support, bouncing many times. I personally believe that a strong downward movement is imminent as it cannot continue to hold. Each time it attempts to uptrend the 55 ema (yellow line) acts as a strong resistance. The RSI is forming a symmetrical triangle which is also a sign a large movement in price could ...
A bearish flag has formed and held as a hard support, however, I believe eventually it will break and reach the targets I've set. Using Fibonacci to calculate the targets.
I'm using GBP as it's my currency but the targets can just be converted :)
PEACE, LOVE & CRYPTO
Here we have an almost perfect Gartley pattern formed on the daily chart, Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3 which ...
Reasons to look at potentially going short;
- Third touch of descending trendline
- 61.8 fib retracement
- Back testing Short term support now possible resistance
- Heading towards dynamic resistance (200MA)
Things to consider before;
- A lot of buying pressure over the last few days (2 of 3 Strong Bullish Candle closures)
- DXY looking bullish, Could see some ...
