XRP/USDT Local trend. Pivot zone. 1 09 2023
Updated
Logarithm. Time frame 1 day. Local trend.
Logic of work and risk management shown and described on the chart. Also, percentages to the key local support/resistance levels.
This is how the direction of the local trend looks on a line chart without “market noise”.
Secondary trend (part)
This channel is in a secondary trend (part) to understand the local area, see here:
XRP Local Trend. Channel 394 days. Pivot zones.
Main trend. Time Frame 1 week.
XRP/USD Major trend (part) Triangle
Price has been moving (70% channel) for almost a year now along the dynamic support of a huge triangle rib after breaking the local downtrend (go to the idea above and press play to see and understand the gist).
The percentage range within the triangle is substantial. Also understand the % of profit this triangle has formed since the super pumping of 2016-2017.
If you follow risk management, understand the point, this should be of little concern to you. "Take it while it lasts". Where do you think the big triangle will eventually run? I know (a high probability), do you??? You don't need to know and understand this for local trading. You took profit and left, and what will happen next should not interest you at all...
Sometimes history tends to repeat itself, but if many people believe in this repetitiveness and shout about it from all corners—expect trouble.
All trading history that few people see. Exchanges where XRP was traded earlier in the majority - removed. On the new top exchanges where the cryptocurrency was listed later, it is understandably absent. If you understand the essence, then you are armed with the logic of the correct action in the future.
XRP/USD Main trend
Plan, understanding of risks, attentiveness and calmness in labor make money in the market, everything else is useless noise.
Even if everything is shown as it is, this useless noise drowns out reason, attentiveness, adequate understanding of simple things. People concentrate their attention resource on useless news, spend time on meaningless discussions, i.e. entertain themselves by engaging in a kind of semblance of "intellectual activity"....
Logic of work and risk management shown and described on the chart. Also, percentages to the key local support/resistance levels.
This is how the direction of the local trend looks on a line chart without “market noise”.
Secondary trend (part)
This channel is in a secondary trend (part) to understand the local area, see here:
XRP Local Trend. Channel 394 days. Pivot zones.
Main trend. Time Frame 1 week.
XRP/USD Major trend (part) Triangle
Price has been moving (70% channel) for almost a year now along the dynamic support of a huge triangle rib after breaking the local downtrend (go to the idea above and press play to see and understand the gist).
The percentage range within the triangle is substantial. Also understand the % of profit this triangle has formed since the super pumping of 2016-2017.
If you follow risk management, understand the point, this should be of little concern to you. "Take it while it lasts". Where do you think the big triangle will eventually run? I know (a high probability), do you??? You don't need to know and understand this for local trading. You took profit and left, and what will happen next should not interest you at all...
Sometimes history tends to repeat itself, but if many people believe in this repetitiveness and shout about it from all corners—expect trouble.
All trading history that few people see. Exchanges where XRP was traded earlier in the majority - removed. On the new top exchanges where the cryptocurrency was listed later, it is understandably absent. If you understand the essence, then you are armed with the logic of the correct action in the future.
XRP/USD Main trend
Plan, understanding of risks, attentiveness and calmness in labor make money in the market, everything else is useless noise.
Even if everything is shown as it is, this useless noise drowns out reason, attentiveness, adequate understanding of simple things. People concentrate their attention resource on useless news, spend time on meaningless discussions, i.e. entertain themselves by engaging in a kind of semblance of "intellectual activity"....
Note
Price has been in a narrow volatility range for 2 weeks now. It is pulling up to the downtrend line (all falls from the +103% level). The decoupling will come soon, there is no choice. Expect fictitious news for background to accompany the price movement.Note
Note
Trade closed: target reached
Let me remind you, the maximum adequate medium term target is a move inside the huge triangle 1.2-1.4 range, for such liquidity it is a huge percentage, but not what most people expect. I'm sure many will wait much longer and won't lift a finger to sell the tokens, hence the target is very likely to be reached. An extremely positive scenario is a false breakdown of the resistance of this triangle.
Trade active
Note
Note
31 01 2024 Tales of XRP hacking (-4% squeeze came out on speculative news fiction) and ALGO are running. This is not the first attempt at news manipulation in the last few weeks on XRP.
There may be an attempt to enter a local stop-Loss zone (not necessarily, depends on the overall trend) range to or even under the upward dynamic trend support (not likely now).
Note
Note
Ripple heavy, local momentum exit from descending channel. Potential channel range. Everything is the same as before, nothing new can be....
Trade closed: target reached
Trade active
Note
Note
Note
Note
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