Might hit support trend line if any significant upward move wont start now Will be watching out for 4H and Daily candle My bias is bullish for now
here is whats happening... lets see if she can break through those triangles and rise.
KRAKEN:XRPEUR broke the MA200 and uptrend (arrows) current correction represents -32% reached important support zone (orange line) found important Fibonacci support (transition yellow/red) MACD started to show positive reaction (though still very light)
XRPEUR is starting to form a nice triangle with a strong support at 0.198 EUR . We should expect one or two more cycles and then if the support will hold we will see a strong bullish movement. We can expect resistance at 0.236 and 0.256 EUR. STEEMIT FOR THE MOON !
The symmetrical triangle from the previous analysis morphed into a descending triangle. This descending triangle is indicating a bearish signal. But we can see that the upwards volume is increasing at the lower boundary of the triangle. Which is indicating that we will probably see a price increase in the next few hours. After the 'small' increase we will need to...
When we look on the hour grap for the last 14 days we can see two clear bases. One at 0,201 EUR and second one at 0,168. If the base at 0,2 will keep holding we might test the the resistance at 0,224 and at 0,234. If not the next big can be found at 0,168 Ripple has been very unpredictable in the last several days. At first it jumped to 0,23 EUR Afterwards it...
On the 4H XRP/EUR chart we start to see a symmetrical triangle. Which is a continuation pattern of the previous uptrend.
Ripple / EUR: Short term Fibo 1.62 possible (0.33 EUR) At the moment there might be a nice possibility to trade with Ripple short-term. Ripple behaves quite well after Fibo. Therefore, a rise to 1.62 could well be an option . Regardless of this, Ripple Long-Term is an interesting option to go long. Possible targets: > 0.25 EUR > 0.33 EUR > long term 0.5 EUR and...
Its crazy i know, but there are tangents and paths to great heights which coincide with Ripples Swell conference. For more info on the swell conference click here ripple.com
Trend lines, resistance lines and potential moves.
Ripple has a long way to go since its fall. I believe that once this arc is cleared it will rise to a new ath. Not only based on this chart but with the upcoming Swell Conference taken into account.
Similar pattern as currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level mid-term seems to be still down trending from where it could develop upwards. If history/patterns repeat(s) we might see a large breakout soon. I personally am a believer in what Ripple is doing. and where they are...