We witnessed a bullish move on XRP last week a day after i published my last post where i predicted price would rocket from the 0.4250 region to the next major resistance level, to which it did indeed rocket up to 0.5100, just shy of the resistance level at around 0.5200. I also mentioned in the previous post that we could see price retest the trendline first...
The crypto market has been CRAZY this week but as long as this level holds im still very bullish, we have daily trendline, daily 50ema support,and 78 % FIB all acting as support. Hopefully this is the last bit of manipulation before XRP goes parabolic.
0.370 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
New trading suggestion:
*There is still a possibility of temporary retracement to...
Two orders can be placed with this analysis.
- Consolidation forming within the descending triangle . Price can only be doing 1 of two things, consolidating or expanding. So after this expansion follows consolidation.
- BTC gaining momentum (just blew 10,000), cryptos generally move in the direction of BTC due to its vast market share.
- Weekly Market...
As you can see on the chart, price has broken the TL and retested at around 0.4250. Unless we see another retest of the TL, we should see price rocket up to the next resistance level around 0.5200. This correlates well with the current price action Bitcoin is showing as we are potentially looking at a drop from the psychological area of $10,000 anytime soon.
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...
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,...
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.
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...