XRP has already broken out of its daily/weekly triangle pattern and had a golden cross, signalling the beginning of the next parabolic run. Since the golden cross weve just been ranging forming this perfect triangle, the emas are all squeezed together, which is just screaming BUY. Lets see how it plays out.
Three fractal sequences are shown in the analysis (1-2-3). It is characteristic of sequences that their percentage is similar. We measure the percentage because the vertical scale axis is logarithmic. The correction level of the first sequence and the correction level of the triple sequence are also the same. The single and triple sequences are a two-wave fractal...
While some data of the previous accumulation is missing on this chart to provide some more meaningul data I think we are not far off from a price move soon for XRP\USD. In about two weeks time we will find out where this is going. For me this is looking on the up side, so it is a good time to accumulate.
My wife has gone missing and she's taken my wallet... lucky I don't hold cash anymore only Crypto ;p
Marked on the chart we have a lovely zone of resistance that has been used before, so we are expecting bullish movement up to this area and then a bounce and some bearish movement, that's what the technical analysis is telling us.
On the other hand if we break...
Yes, I am still long on both XRPUSD and XRPBTC as this asset has the strongest fundamentals in this market. There is a good reason why XRP has the most FUD in the market. The 100MA has already crossed the 200MA which represents the second "Golden Cross" event not long since the first one.
A small retracement may still happen over the weekend but on Sunday,...
Looks like the accumulation period has extended and we're still in it. Would the next Elliot Wave move be the one? Here are my thoughts on what had happened so far and where we may go from here. I would be curious to see if the resistance at $0.4750 will be broken this time or not.
We now have two MA crosses on the daily chart too where both the 50MA and the...
As the title says, are we going to see the price of XRP\BTC shooting up or slide further down? This would be the second time when the price level will touch the suport line. Personally, I would think we may see another break on the upside. The reason for my call is also the immenent touch of the 50MA with the 200MA on the daily chart on XRP\USD.
The testing of the 50MA on the 4 hour chart could indicate the completion of wave 2. Later this evening we may see the wave 3 in action. See the updated chart. The previous one stil stands but I have adjusted the time frames.
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Here is my analysis on the XRP vs USD price chart. You will see a lot of people talking about the ever expanding "wedge" breakouts that are showing bullish signals but in my opinion there is more downside to come before any new highs will be made.
As it stands, my final target for XRP short positions is $0.21 per coin. This is the weekly Fib -0.27 extension level...
. RIPPLE/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of...
looking at history we have to drop in to that zone on the top of the lower historical trend
one this is clear, we wont get a bull run this year, we may bot get a bull run for 18 months, but we might get an up and down sideways between 5 and 3
a drop to 2k is not out of the question soon, id be shocked but not surprised.
the volume is low.
if the S&P 500...
We can see a lovely resistance level that has been respected ( green line ) off this recent bounce we have seen a lovely bearish run today forcing price down to our support/resistance zone ( green box ) where we are expecting a lot of buying power to come into play and make a lovely bullish run.
The reasoning behind this was explained in our latest BTC post on...
I think the support level that price is currently sitting at is too strong to be broke, price is also at a trend line it has been using as resistance for a while, with these 2 factors I can see price breaking the trend line and moving up to our TP zone ( green box ) this is providing we can break recent daily highs.
We ae long on XRP but we will be keeping a...
By entering this XRP long trade at this particular level we have a 2:1 Risk to Reward and the stop loss is set to the previous support region which corresponds with the 61.8% level, I'm think aloud with this trade and only a little analysis has been done.