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.
. 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...
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...
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.
SMALL POSITION SIZE SCALP.
FAKEOUT AND CLOSE BACK INTO TRIANGLE SHOWS SIGNS OF CONTINUOUS DOWN TREND, AS WITH CRYPTO MOVES CAN BE QUICK.
SO IM TAKING A SMALL SHORT HERE TO SEE IF THIS BREAKS.
RISK MANAGEMENT WITH CRYPTO SHOULD BE 25% OF WHAT YOU WOULD USUALLY TRDE WITH AS SPIKES CAN HIT YOUR STOPS A LOT EASIER THAN IN TRADITIONAL MARKETS.