SHIBAINU - Starting a new Bullish Move ? (READ THE CAPTION)By examining the #ShibaInu chart on the weekly timeframe (logarithmic), we observe that after an attractive growth, this cryptocurrency has again undergone a correction. We should soon expect the end of this correction and the beginning of the next bullish wave. Keep an eye on these prices: 0.00001542, 0.00001385, and 0.00001248. The new wave will likely start its next move after correcting to 1542. (This analysis will be updated)
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Ripple
Cardano Daily TA : Support Levels and Potential Mid-Term TargetsBy examining the #Cardano chart on the daily timeframe, we observe that the price is trading in the 40 cent range. If the price can maintain the support zone of $0.35 to $0.385, we can expect further growth to higher targets for this attractive cryptocurrency. The medium-term targets for Cardano will be $0.42, $0.45, $0.51, and $0.58, respectively. The expected return in the medium term is between 15% to 40%!
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XRP/BTC Main trend. Channel. Turning zones 03/15/2024Logarithm. Completion time 1 month. Horizontal channel and reversal (reaction) zones for work. For clarity, I showed percentages of key support/resistance levels.
The line graph is now at 03/2024.
The queue for pumping cryptocurrencies by liquidity and “crowd involvement”.
Remember this is a pair to Bitcoin. As a rule, the market brand, that is, BTC, is the first to move in a trend. After some time, when the crowd “stops being afraid”, along with the growth of BTC, low liquidity altcoins begin to pump, then medium liquidity and ETH. And only then, with Bitcoin consolidation or a local rollback, does a significant increase in XRP prices begin.
By understanding the sequence and time when “big capital” transfers money from one liquid trading instrument to another and back according to a developing trend, you can double your profits.
Trading pair XRP/USD.
Similar to the main trend towards clarity. Published 07/2022 but now more relevant than ever in the near future before the huge triangle breaks out.
XRP/USD Main trend
The same key zone. Publication 07 2022.
XRP/USD Main trend (part) Triangle
Since 1 year and 8 months have passed since publication, it is worth going to ideas 1 and 2 for USD and clicking “play” on the chart to understand where the price has come.
Let me remind you again. Understanding the current values of BTC/USD and the XRP/BTC pair can help you understand when the key price movement in the XRP/USD pair will occur and what its local potential (relative to the trend) is, as well as what manipulations may occur. What to expect in the medium and maximum term from this hype trading tool.
XRP/USDT Local trend. Pivot zone. 1 09 2023Logarithm. 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"....
XrpUsd - Rally back to previous resistance (+100%)?BITSTAMP:XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future.
For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again retesting such a confluence of support from which we could see a rally towards the upside. Target is the previous resistance of the triangle pattern.
Levels to watch: $0.491, $0.911
Keep your long term vision,
Philip - BasicTrading
GTAI/USDT 4-Hour Chart Analysis : Bull or Bear ? (READ)By checking the GTAI/USDT chart in the 4-hour time frame, we can see that since last week, due to the heavy fall of Bitcoin to $58,000, the entire crypto market began to fall, and GT Protocol was no exception to this. The range of 78 cents is being traded and we will probably see the growth of this crypto again by collecting liquidity below 75 cents! Possible targets will be 0.8150, 0.85 and 0.91 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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An hot summer for XRPThings are coming to an end. Chart is speaking, and this is what it's saying. We haven't lot of times now. I am pretty sure we will see some big news, sooner or later. I still expect new ATH this year for XRP, because this is what the chart is telling me. As you can see, the price is performing a classic suppression move. And when the price is suppressed, it explode fast after a while. Honestly, i think we could see a flash crash, to liquidate most of the longs, and then a flash pump till new highs.
Ripple Potential DownsidesHey Traders, in today's trading session we are monitoring XRPUSDT for a selling opportunity around 0.47300 zone, Ripple is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.47300 support and resistance area.
Trade safe, Joe.
XRPUSDT Quick Long Setup / Check out the details!BINANCE:XRPUSDT
COINBASE:XRPUSD
Long position on XRPUSDT 2H
Mid-risk status: 2x-5x Leverage
TP:
Follow the patterns & Bollinger midline:
0.4915
0.4965
0.5015
0.5052
0.5103
0.5155
➡️ SL:
0.462
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
XRPUSD Is it dead or ready to rise parabolically?The XRP (XRPUSD) has been closing below both its 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) since the week of April 08. At the same time it is testing the bottom (Higher Lows trend-line) of the Triangle structure that started on the January 01 2018 All Time High (ATH).
In relative terms, it appears to be similar to the Triangle that started after the December 02 2013 High and broke-out to the upside on March 20 2017. Its 1W RSI is at 40.00, low enough historically to be considered a long-term buy opportunity.
Technically, the next time it breaks above the 1W MA200, it has higher probabilities of initiating the parabolic rise towards this Cycle's Top. If not, we're afraid that the XRP army will need a need narrative to hang on to, as the long-term pattern would have failed them.
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SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. This analysis will be updated!
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Bitcoin Weekly Analysis: Key Levels and Scenarios (READ CAPTION)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion:
• The price could start rising from this level, with the next targets being $72,000, $77,000, $85,000, and $100,000.
• The price could correct further to the $52,800 to $56,700 range before rallying again to above $70,000.
Which scenario do you think will happen first?
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Ripples Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring XRPUSD for a buying opportunity around 0.48050 zone, XRP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.48050 support and resistance area.
Trade safe, Joe.
XRP/USDT Trading ScenarioThe XRP’s price has dropped to a significant support zone at the $0.4504 level. This is the fourth time the price has returned to this area.
Historically, the price has bounced off this zone. An increase in trading volume is also observed in this price area. This zone serves as an accumulation area.
In the future, a sharp price drop can be expected with the aim of gathering liquidity accumulated below this zone, followed by an upward price movement. The next resistance levels are at $0.6265 and $0.7493.
Unveiling the Falling Wedge: XRP Short-Term Boon Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart
In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge, exploring its characteristics, how to identify it on a 4-hour chart, and strategies to leverage it for short-term gain.
Understanding the Falling Wedge
The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside.
This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start to accumulate, anticipating a potential breakout and price increase.
Identifying the Falling Wedge on a 4-Hour Chart
The 4-hour timeframe offers a sweet spot for day traders, providing a balance between short-term volatility and clear trend direction. Here's how to identify a falling wedge on your 4-hour chart:
1. Trendline Construction: Draw two trendlines, one connecting the swing highs (peaks) and another connecting the swing lows (valleys). Ensure both lines are sloping downwards, forming the wedge shape.
2. Convergence: Observe how the trendlines converge as the price action progresses. The closer the trendlines get, the more likely a breakout becomes.
3. Volume Confirmation: While not a definitive indicator, an increase in trading volume accompanying the price move towards the wedge's apex (point of convergence) can strengthen the breakout signal.
Key Points to Remember:
• The duration of the wedge formation doesn't have a set timeframe, but longer wedges tend to have stronger breakout potential.
• The tightness of the wedge (how close the trendlines are) also influences the potential force of the breakout. Tighter wedges generally suggest a more explosive move.
• False breakouts can occur, where the price pierces the lower trendline only to fall back within the wedge. Proper risk management is crucial in such situations.
Strategies for Short-Term Gain
Once you've identified a valid falling wedge on your 4-hour chart, here are some strategies to exploit the potential short-term gain:
1. Breakout Entry: Enter a long position (buying) once the price decisively breaks above the upper trendline. This breakout signifies a reversal in bearish momentum and a potential price increase.
2. Price Target: Set your initial profit target at a level equal to the height of the wedge. Measure this distance from the breakout point and project it upwards.
3. Stop-Loss Placement: Place your stop-loss order below the lower trendline of the wedge. This limits potential losses if the price falls and breaks the support level.
4. Trailing Stop-Loss: Consider employing a trailing stop-loss as the price moves in your favor. This adjusts your stop-loss automatically, locking in profits while allowing for some price fluctuations.
Additional Considerations for Success
While the falling wedge offers a promising setup for short-term gains, remember that successful trading requires a holistic approach. Here are some additional factors to consider:
• Market Context: Analyze the overall market sentiment and any relevant news events that might influence the price action.
• Technical Indicators: Combine the falling wedge with other technical indicators like Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to confirm the breakout signal.
• Risk Management: Always prioritize risk management by using appropriate stop-loss orders and position sizing.
Understanding the falling wedge and the strategies discussed empowers you to identify potential short-term trading opportunities on the 4-hour chart. Remember, consistent practice, a balanced approach, and proper risk management are key ingredients for success in navigating the ever-evolving world of day trading.
$XRP Ripple Respecting Rising Channel for 2years... What Next?CRYPTOCAP:XRP Ripple has been respecting this channel for 2years since June 2022 (Weekly Timeframe)
Current price: $0.52
Ripple's price action is currently outside the Rising channel, Only two things can happen:
1. Price action can reclaim rising channel and move to higher prices with resistances: 0.63, 0.74, 0.85, 0.95
Or
2. #XRP can continue to break down to retest major support around 0.4
XRP ETF NEWS SOON (Fake probable)322 (369)XRP ETF NEWS SOON (Fake probable)322 (369)
This is my numerological analysis that allows me to understand where the price can go, as for me now will be growth, follow the chart to find patterns, thanks to all space friends, I will soon start researching you and will complete the article. As they say space to ground
XRPUSD - Bull Dreams Price has been moving relatively sideways since the blast off in 2017 if you use these horizontal channels
The circles placed is the middle of the structure within each horizontal channel. Assuming a great bull move to come this creates a similar structure to the pre 2017 XRP.
Bullish XRPUSD on this Weekly timeframe
XRP Price Danger Zone: Key Support Levels to WatchRipple's (XRP) price has seen a significant decline after failing to maintain the critical support level at $0.4840. This drop led the currency to fall to the $0.4750 level, raising concerns among traders about the possibility of further losses in the near future.
XRP has faced strong selling pressure, causing it to trade below the $0.4880 level and the 100-hour Simple Moving Average (SMA). With continued bearish pressure, it has become essential to closely monitor key support levels such as $0.4740 and $0.470. If XRP manages to hold these levels, we might see attempts to regain some bullish momentum. However, breaking below these levels could indicate further declines towards the next support level at $0.450.
This article will focus on analyzing the current situation of XRP's price, highlighting the important support and resistance levels that traders need to monitor carefully to protect their capital and avoid potential risks.
Resistance Levels:
First resistance level: $0.4820
Second resistance level: $0.4850
Key resistance level: $0.4950
Next resistance levels: $0.5050 and $0.5250
Support Levels:
First support level: $0.4740
Second support level: $0.470
Next support level: $0.450
Current Trend:
The currency is currently trading below the $0.4880 level and the 100-hour SMA.
There is a downward trend line forming with resistance at $0.4880.
Buying at Support:
It is preferable to wait until the price reaches the key support levels ($0.4740 and $0.470) before making a buying decision, as these levels represent strong support points where the decline is expected to halt and the price might start to rise again.
Buying at these levels can provide an opportunity to acquire the currency at a low price, increasing the likelihood of achieving profits when the price rebounds upwards. This way, risks are minimized, and the chances of benefiting from future upward movements in the market are increased.
Taking Profits at Resistance:
In case of a price rise, the mentioned resistance levels ($0.4850 and $0.4950) can be identified as areas to take profits. Resistance levels are points on the chart where the price is expected to face difficulty in continuing to rise, and it might stop or decline due to a large number of sellers willing to sell at these levels.
Therefore, when the price reaches these levels ($0.4850 and $0.4950), traders can decide to take profits from the purchases made previously at the support levels. This helps secure their profits before the price declines again.
It is important to monitor price movements around the $0.5050 level, as this level is considered a key resistance. If the price exceeds this level and stabilizes above it, it might indicate strong buying momentum and continued upward movement. In this case, the price is expected to rise towards the next resistance level at $0.5250, providing an additional opportunity for greater profits.
Hence, monitoring price movements around these important levels can help traders make informed decisions regarding taking profits and managing their investments effectively.
Risk Management:
If the price breaks the $0.470 support level and closes below it, it might indicate further decline towards $0.450. In this case, stop-loss orders should be placed below the $0.470 support level to avoid further losses.
Caution and effective risk management are crucial to avoid significant losses in case of any sudden market fluctuations.
GTAI/USDT 4-Hour Chart Analysis : Bulls Are Coming Back ? (READ)Upon analyzing the GTAI/USDT chart in the 4-hour timeframe, we notice that after the price broke through the liquidity above $1.24, it began a correction phase. Currently, it is trading around $1.055.
Key Insight: The $0.98 to $1.02 range is a crucial zone to watch for a potential BUY position.
Potential Targets:
First target: $1.1165
Second target: $1.2240
Third target: $1.28
Stay tuned for further updates!
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XRPUSD 1 year supportHi, welcome to my analysis.
Today Ripple reach a very strong support level at 0,4706
This support create nearly 1 year ago at 13 July 2023, and as you can see, that sometimes ripple pump after touch this suport.
If ripple able to hold bearish, my near term target at 0.6925 resistance with almost 50% profit projection.
Ripple: SlumpedXRP slumped again last week. As before, we primarily expect a breakout to the downside. The coin should slide below the support at $0.2874 before it completes the magenta wave (c) and thus the blue wave (v). Only then should there be a trend reversal and a strong upward impulse. Should the price rise above the resistance at $0.9479 earlier, this will trigger our 37% probable alternative scenario. In this case, the magenta-colored wave alt.(d) is already underway.