. There is a possibility of temporary retracement to suggested support line (0.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XRPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
Xrp haftalık grafik de çok güzel bir nokta da, hacim çok yükselmiş, 2017 boğa koşusunda bile böyle bir hacime ulaşmamış ve klasik bir AB=CD formasyonu var.
It's been a while since my last analysis on the XRPBTC (Ripple vs Bitcoin) chart... This is one of our favorites.
XRPBTC printed a higher low on low volume... This retrace is coming to an end.
Many other altcoins pairs have a similar chart, a strong retrace that produced a higher low, and ended up in a strong bullish breakout, this can happen for Ripple as...
Bitcoin kicked off the year in a good posture. It opened at $7,174 and quickly entered an uptrend that saw it rise 47.6% within a month. By February 13th, the flagship cryptocurrency had gained over $3,000 to hit a yearly high of $10,522.
Nonetheless, investors became concerned over the wide transmission of COVID-19 putting a stop to the bullish momentum BTC was...
I’ve also highlighted the previous lows, and their respected levels.
IF....this Long trade fails, we maybe in for a big dip down to the $0.15 mark.
No indicators are positive right now, but a Long trade is highly likely.
This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser...
Still Waiting For This Ting To Pop Off
Few Confluences Would Like To See The Daily Close Above Blue Support
Fib Is MINUS The Previous PA Could Still See As Low As $0.175 Just Quick Trade Init
Otherwise I Will Await Intra Day PA
This is just what I would like to happen with the price over the next few days counter to my short position on my previous post.
I think the analysis & confluences on the short set-up look better, I would just prefer for the price to go up not down lol.
We all want price to go up however this is just based off the last 30 days of PA and with the last few candles...