Impulse back above Mondays Low and the move down was likely a stop run.
There is some inefficiency between current price and Daily Demand which
is also in confluence with Weekly Demand that has not been properly retested,
ofcourse, it doesn't have to.
Favouring a bounce from here, Back above Mondays low pivot marked as red box
would be my confirmation for more...
Lower timeframe levels will be posted in a chart in comment section for further analysis.
Low timeframe structures can aid in minimizing risk by understanding invalidation levels.
The Higher timeframe context gives us the big moves (reward) the lower timeframe can
give us great entries and tighter stop losses (minimal risk).
This understanding is what makes a...
XRP on the 4HR - 20, 50 and 200 MA are below price and acting as support. Last time this happened the charts shows we pushed on hugely. Once again this is the case.. Red zones are resistance. We could be about to surge towards $0.55 is this is the case. All 3 MA are pointing to the upside movement.
invalidation level here is tight, therefore potential Reward is yuuuge.
Pivot support could allow Cardano to really make a big move here, these are the type of trades you want.
Can ADA really go any lower, even if she does, our stop loss is close here and our risk is very minimal.
Always think in terms of risk to reward + strikerate
XRP ON THE 1HR, Like stated last night, we melted through the trend line (BLUE SQUARE) as the candle closed below and hit $0.44 on some exchanges, then we picked up a new trend to take us towards the (YELLOW AREA). Next two zones we will be targeting are marked as RED ZONES.
Long forecast for XRP and the $10 prediction in place. 210 days of a downward trend followed by a 287 downtrend, where we reached the ATH of each downward trend within 1 week. XRP has the most potential due to the fact they are gain partnerships weekly and seem to be the most active crypto on the market.
First time we have seen it break above the Moving averages on the 3 day. Also looks likely that we may have finished or nearly finished wave 2 of a possible set of 5 EW waves.
Also I do like XRP long term, mainly due to the big names it has behind it, if there are any doors needing to be opened then these...
XRP, 20MA acting as resistance and 50MA as support, We have had plenty of spikes up and down recently, Consolidation I believe is what we should expect next, ranging from $0.60 - $0.25. MACD has been switching every other day, Trend line is in place and got tested to its tee today. Wait for a breakout of the trend line and re evaluate from there.
XRP after failing to close above the $0.49 resistance for the third day in a row looks set to push downwards towards the targets stated, Cloud still pushing XRP downwards and the MACD as signalled a downward movement also.
ignoring the possible bearish descending triangle, XRP seems to have found some support at the previous pennant breakout level.. (see prev chart linked below) the 4hr chart shows XRP is low on RSI & MACDs about to cross.. the sideways resistance line drawing in closer and yet to be broken since recent ATH.. All points to be coinciding with a potential BTC move...