CLEAN AND SIMPLE ANALYSIS AS ALWAYS. WE HAVE A MARKET THAT IS TRENDING TO THE UPSIDE. PRICE IS CURRENTLY RANGING. I HAVE MARKED THIS AREA WITH THE HIGHLIGHTED ZONES LABELLED SUPPORT AND RESISTENCE. BASED ON THE PRICE ACTION IM LOOKING FOR A RETEST OF THE HIGH BEFORE HOPEFULLY PUSHING UP TO MAKE A NEW HIGH. IF SO MY TARGET WILL BE .55p/.75usd.
Taking a look at the immediate weekly candle I think I see a falling tree pattern. Next week or week after.
Confirmation I got from lower timeframes all look to support the view of buying pressure fading out at 60-62.
Happy for some arguments on this one considering the morning stars before.
Overall still a bullish market structure. Price is following the trend nicely. One area to watch is the .43p area. We can see price failed to create a new high here but I suspect another attempt at breaking this level will be made.
#xrpusd #xrpgbp #xrpanalysis
Xrp chart update from yesterday. Analysis played out pretty much as expected.
Strong bullish momentum expecting highs of 0.45gbp/.62usd today.
#xrpusd #xrpgbp #xrpanalysis #cryptocurrency #cryptotrader
Clean and simple market structure.
A bullish break forming higher highs/lows. A higher high was formed which then led to a small correction. A double bottom has formed followed by a break of its previous lower high signalling a reversal in structure. Looking for wick rejections/bullish momentum from the previous lower high
XRP has now finished its flag and assumed ascendancy at the midpoint of the correction, So it would appear to be preparing for a bullish trend to hopefully challenge the previous high of £0.47, if this is mark is broken I would expect it to achieve £0.55 before another consolidation.
Buying opportunities after the 22nd perhaps, If the exchanges allow US access,...
I'm no expert and new to analysis, however i've applied a few indicators to XRPGBP, the MACD is accending and moving positive with the signal line just crossed, the bollinger bands indicate an upward trend with and expanding band. RSI has just emerged from an oversold position, with this I anticipate that it should achieve a significant gain. TP of £0.71 given the...
corrupt yanks, trying to figure this one out, They don't want people to be rich so my guess is look for a boom and start cashing out as soon as we lift off, once the yanks can start trading again then be very careful ,could see a huge sell off before once the yanks are allowed to take profits the rest of the world has early access to the freedom of buying and selling xrp