XRP has had a very good run in the past few days and has in fact gone past the 25cents barrier soaring up to 28cents per XRP
From what I can see it has had its bullish run and will likely now start correcting back down towards the norm.
But XRP is not really a day trader coin. (Well it is but...)
Please see next graph for XRP on a day basis analysis.
- Ripple is about to finish its market cycle
- It could possibly go down to depression zone
- I will not enter until new up trend starts
- There is potential edge to edge cloud trade
XRPBTC Ripple is slowly creeping upwards from the downward from the Breakout and a Volume spike at 22-Aug-2017 and is currently ranging between 7300 and 3500µ.
Test buy order placed at 5800 µ
Action: Watch 7300 µ
Major trend : Downward
Current Trend : Ranging
Resistance : 7312 µ
Support : 3481 µ
* µ = Micro
If you like shorting then there may be an opportunity coming up on Ripple.
https://uk.tradingview.com/x/HTqZZ1fE/
potential 3% in half an hour.
What do you think?
Just zooming in here for a 1hour candle view to acompany my previous 4H chart.
We can see the pressure is on for a break out in a direction. Mixed feelings on direction from just this chart but I would lean on Long due to my other chart.
However we should wait for a volume spike to show the direction. Remeber wait for the candle to close.
I drew this ABCDE last week and its played out rather nice.
We see now another triangle pattern formed around the resistance zone. Its looking like a retest but we need a higher volume spike to indicate a direction..
Sentiment is still bullish with some possible short term support tests
A good push on the 2nd wave of the Elliot wave with the Stochi RSI slowly turning on the bull side for a good long to create the 3rd wave in an estimated time frame of 3-5 months
Currently these two lines are the main red break we can break green down we can break up the green and get back into this space, however, I expect an outbreak that we can finally ripple up further, just have a good name
Its getting ready. However it may drop to the bottom purple line (from its previous upwards tangent) before making its move, or it will exit to the top of its triangle soon.
Projection thrown together after a quick look at XRP, looks like if we don’t break under the red support lines we could see a rise to 118 (Approx. 17.5%) over the next week.
Might see a more gradual rise with a couple of drops on the way so buckle up.
As always, any questions or recommendations please post in the comments, and if you like what you see throw over ...
Ripple build the next cup. We dont know if we hit the 41k correctly.
Plz sell the half at 23-24k and reentry your money in the first panic sell wave.
-After the rise we will fall down to the 78,6 retracement of the complete rise. This takes 10-12 Days to minimum. Here we can go short.
I update the idea every day if anything will happened.
Just place the pendings in mentioned support level. Understand the market structure. Every moves have a logical explanation.
Happy buying ;). Patience can make you millionaire
