Ripple - XRP Long Term Analysis | Investor perspective Here we have XRP on the weekly chart. Unfortunately, As we can see, Ripple was one of the cryptos which retraced the most. To almost a 100% of wave 1!
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an ABCDE correction also. In both cases, we can target minimum x1.618 or 2.618 of wave one for wave 3.
If we have a look at MACD indicator, we can see a slight bullish divergence. This could be a good sign of bullish trend in a long term:
6 to 12 months Target:
5.5 - 8.5 $
* Let me know your thoughts in the comment section. What do you think the price of XRP would be by 2019? *
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Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
Cryptoinvesting
ETHUSD Triangle after major resistance breakout is bullishIf you've missed the boat on the latest breakout of the major descending resistance on $ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely yield more buyers a little below in the $460 range so the risk/reward is there to continue adding to your ETH position. Overall this type of price movement is confirming that we have seen a longer term bottom in ETHUSD
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IOTA - Building a bullish baseIOTA seems to be building a base here..
My buying orders between 0.50 and 0.35 USD have been mostly executed and I expect IOTA to test the downtrend channel around 0.52 USD rather soon.
If it breaks out the 50MA (0.57 USD) and the upper Bollinger Band (0.64 USD) are the next targets...
Only below 0.37 USD the correction could intensify one more time.
BUY below 0,50 USD & HODL
IOTA - Bear capitulation brings new buying opportunity I am a big fan of IOTA.
The expected Head & Should pattern played out perfectly in the end although the market did everything to mislead bulls and bears during the last couple of weeks.
I guess we just witnessed the bear capitulation.. Couldn't find any news that justify this sell off but as IOTA had gone up so much a nasty correction was necessary.
All my hedges got fully covered below 0.50 and aggressive scale in buy orders were executed between 0.47 and 0.39 !!! Great setup.. very oversold
Now is the time to add more IOTA if you haven't done so already..
I have no stops for IOTA at this point which means my whole position is at risk therefore wise money management is necessary (=risk only what you can afford to loose).
A bounce towards 0.65 is my minimum expectation. Prices above 0.82 indicated that IOTA is on the way to new highs..