To be honest, I didn't saw such a huge drop coming, but now our vision is now a bit clearer. Currently we have 2 trendlines running and we should be cautios of the zone 0.36$ to 0.40$! Maybe the upper trendline now is holding and we are about to fly, but for now I think, there is also the possibility that we retest a lower fib level and the trendline under...
I just wait for a little and healthy pullback before I stock up my portfolio. And then I see no reason for an additional move UP. :)
XRP is holding up quite nicely in the moment. We just retested a Fib Lvl on the daily and closed above. Furthermore we retested a trendline and are about to build a cup & handle pattern, which all is bullsih. I believe that XRP will now rocketing higher.
If we look at the bigger picture, we just tested the upper trendline, which was formed until 2017 at 0,47$ now. The bottom trendline is a very strong support, which aligns now at about 0,31$. For a bull market we HAVE TO close above of 0,47$. The best scenario would be a closure of a weekly candle to confirm the bull market of XRP. And we should also consider...
I think that we have here a great chance for a litte shorting opportunity. At the top we have the orange Weekly trendline, which represents a strong resistance. Furthermore we have an ascending wedge on the 4H timeframe, and an overbought RSI - STOCH indicator, which are all confirming an upcoming short. So, go for it and take some serious profits. You can...
Within the current big triangle since the beginning of 2018 and the current price action, I think that we can take profits at 0.40$. After that I expect another dip in correlation with BTC from around 6k. So have a close look at BTC and XRP now. I suggest to place buy orders in the area of 0.25$, because the current price movement upwards could end in a short...
I think we have a great trad opportunity reached, because we have just touched the bottom of the ascending trend channel. I will go LONG from here. :)
I think we have here a great opportunity for a great setup. :)
We are currently resting on the 200 EMA after the break of the down trendline. This is a good sign that SPX500 could continue it's way up!
Ripple just touched the longterm trendline, which one was never broken until today. So this is now just a GREAT opportunity to go long. My trade is active right now. :)
Simple trendline re-test tells me that there is more potential for a down move. :)
Reasons for my analysis: - yesterdays NZD news was released "bullish" - GBPNZD is re-testing a trendline - perfectly hit 0.5 fib on the 4h chart - today GBP got bearish news, not HIGH news, but MIDDLE ones ;) Please share your comments and thoughts. :)
In my opinion, we could see a retest at 1235$ (0.38 Fib) or at least 1225$ (0.61 Fib) before we can go long to 1260$-1280$. Just my idea and not an investing advice. :)
I think we could retest the current daily trendline at 1,141. Then I see a good entry for a short. TP about 1,12 ...
Just look at the chart and wait for a re-test of the descending trendline. If you see a re-test (where the yellow circle is) and not a breakthrough, you can go Short for some nice profit. :)
I think that this pattern could play out very well. Short-Term we are bearish and we should see in the ABC-correction another retest of the 0,45$ lvl. But after that, I think we could fly into the sky. :) Let's see how this plays out.
After the breakout yesterday all things are looking for a re-test of the breakout trendline. I would place buy orders in the yellow rectangle. ;)