XRPLong
DAILY XRP ANALYSIS - CONSOLIDATION BEFORE LONG
Updated
As per previous posted WEEKLY chart here: 
This DAILY forecast is also congruent, giving the same trend analysis and level counts as previously mentioned.
Here we can see price action is still consolidating around the 0.38 cents zone, but it is highly probable that market will continue to drop to around the 0.36 cents area, should the market decide to PIN the MAYO (200 EMA). Level 2 is in progress on this DAILY chart, which would coincide with the final move of the Level 1 consolidation within the WEEKLY chart. After this move has been completed, there should be a significant push UP to breakout of the market geometry (Triangle on the Weekly) which has greater significance than any other lower time frame chart.
TDI also shows the full cycle in the daily, has almost been completed, with the full 3 levels. PFL (Peak Formation Low) will either occur just above the Lower TDI band, or bounce off the lower TDI band, should the market go for the MAYO 200 EMA as mentioned above.
I don't forsee the market dropping below the lowest peak at 0.28 Cents, as that would invalidate the entire structure as well as market geometry, at this point in time.
There is plenty of bullish market pressure currently for XRP, thus my forecast is LONG after this current consolidation move.
###########
DISCLAIMER:
These are my analysis, my opinion, I give no guarantees and I'm not responsible for any losses that you may occur if you trade this, whether you buy crypto or trade it in the CFD market. If you want to trade this chart, do your own analysis and make sure you have a good money management plan in place. If you want to learn more about trading, here is a good place to start: babypips dot com
I generally post my own analysis in BTMM format, although I am proficient in Crypto Patterns, Gartleys, Butterflies, Pattern Trading, Elliott Wave Trading, Pitchfork, Trendline, VSA and Price Action trading, for which I may from time to time post additional analysis including some of these other methods.
I don't answer to bullies, trolls or charlatans. If you want to genuinely debate me, post a proper analysis, but don't post a blank chart with words or claim you are a 'WE' and have some magical algorithm or secret, I will not waste my valuable time to answer you. I'm posting this chart here for my own personal record and to share with those that may appreciate it, with the hope that it can help someone better their life.
###########
This DAILY forecast is also congruent, giving the same trend analysis and level counts as previously mentioned.
Here we can see price action is still consolidating around the 0.38 cents zone, but it is highly probable that market will continue to drop to around the 0.36 cents area, should the market decide to PIN the MAYO (200 EMA). Level 2 is in progress on this DAILY chart, which would coincide with the final move of the Level 1 consolidation within the WEEKLY chart. After this move has been completed, there should be a significant push UP to breakout of the market geometry (Triangle on the Weekly) which has greater significance than any other lower time frame chart.
TDI also shows the full cycle in the daily, has almost been completed, with the full 3 levels. PFL (Peak Formation Low) will either occur just above the Lower TDI band, or bounce off the lower TDI band, should the market go for the MAYO 200 EMA as mentioned above.
I don't forsee the market dropping below the lowest peak at 0.28 Cents, as that would invalidate the entire structure as well as market geometry, at this point in time.
There is plenty of bullish market pressure currently for XRP, thus my forecast is LONG after this current consolidation move.
###########
DISCLAIMER:
These are my analysis, my opinion, I give no guarantees and I'm not responsible for any losses that you may occur if you trade this, whether you buy crypto or trade it in the CFD market. If you want to trade this chart, do your own analysis and make sure you have a good money management plan in place. If you want to learn more about trading, here is a good place to start: babypips dot com
I generally post my own analysis in BTMM format, although I am proficient in Crypto Patterns, Gartleys, Butterflies, Pattern Trading, Elliott Wave Trading, Pitchfork, Trendline, VSA and Price Action trading, for which I may from time to time post additional analysis including some of these other methods.
I don't answer to bullies, trolls or charlatans. If you want to genuinely debate me, post a proper analysis, but don't post a blank chart with words or claim you are a 'WE' and have some magical algorithm or secret, I will not waste my valuable time to answer you. I'm posting this chart here for my own personal record and to share with those that may appreciate it, with the hope that it can help someone better their life.
###########
Note
Latest Update to Daily XRP
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.