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.
Three fractal sequences are shown in the analysis (1-2-3). It is characteristic of sequences that their percentage is similar. We measure the percentage because the vertical scale axis is logarithmic. The correction level of the first sequence and the correction level of the triple sequence are also the same. The single and triple sequences are a two-wave fractal...
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.
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...
If you look at the XRP chart, you'll see we have potential for some downside over the coming week. After attempting to surge earlier today, XRP slowed down & fell back into the boundaries of a triangle pattern. We're also beneath a resistance level and a strong weekly supply zone.
Will we see XRP value dry out in the short term? There's possibility for a short...
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,...
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...
Hello this is a analyze of XRP USD so i expect a drop in a few hours/days to at least 0.37 to reach maybe after another spike 0.34-0.33. On a swing trade it's time to short
Don § Donations
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.