Ripple Forming A Inverse Head And Shoulders PatternHello Traders,
I have been locating a nice reversal pattern in Ripple.
Ripple broke the important falling trendline to the upside.
But the more important thing is that it has been forming an inverse head and shoulders. Once it breaks the neckline I am expecting more upside to around 0.68 areas.
This view will be valid once it breaks the neckline. Invalidation level for this view will be the right shoulder low. If this breaks lower it can keep extending lower and this view will be invalid.
Hope this helps.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Ripplelong
XRP looks bearish long termI posted a short term bullish idea on XRP, but taking a look at it on the weekly timeframes with indicators on, it looks mightly bearish.
We have some pretty nasty Bearish divergences between last peak (candle close) and most recent peak (candle close) on both RSI and MACD.
I've circled a potential fractal that we may be in. Could see us reaching for another high, after which we proceed to bleed to our bottom. Where that bottom is? Not sure, I'd want to wait to see how far we bounce up first and then see how far we can go down.
It's all good to be trading shorter time frames, but larger timeframes are just as important. Always good to know what trend we are in.
XRPUSD - Is Ripple Ready For Take Off ??!!Good morning Traders,
I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.
Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.
As long as XRPUSD stays above 0.63054 it should extend higher.
The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)
Let's see which one plays out.
Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Ripple on lower level of neutral channelFrom the upper level of the trend channel (grey) Ripple rebounced and fell back, crossed the channel and touched the lower level.
On the upside we have a strong resistance (fib retracement 23.6% = 0.95$) - on the downside we have a swing trend line as support.
This channel has been broken on both sides - first on the upside (forming the chart pattern 3 descending peaks) then on the downside, where the losses have been stopped at the next swing trend line.
So we can consider a support - zone under the channel as be important for our analysis.
In the last hours Ripple hasn´t broken through the lower limit but it´s still possible. The trend is negative and the indicators are negative as well - but have reached oversold zone (RSI).
One could do some speculative buys in the hope that the trend will turn soon. But for conservative investors this isn´t the right moment to buy-in.
Stop 1:
lower limit of trend channel at 0.69$
Stop 2:
swing trend line at 0,46$
Technical Analysis – XRP/USD
Ripple demonstrates the lateral movement, having tested the level of $0.87, the price moved to the strong support level of $0.77.
On the daily chart, Ripple slows down strong price movements, but we know how long Ripple can be in the outset before sharp and strong price movements.
MACD is in the bullish zone, however, there is a withdrawal from the signal line, which may serve as a signal for the price to move to lower support when the MACD moves into the bearish zone.
Result: Based on the daily chart, Ripple currently has a good price for a long-term investment.
Ripple fights with strong resistanceAs all coins Ripple also has had a good rally too. Is it over or will it continue?
I think we´re in wave 4 shortly before entering wave 5.
In this wave Riplle has to break the strong resistance formed by fib retracement 23.6% at 0,95$.
After having crossed this line the space is open up to 1.40$ - where we find the next resistance (also fib retracement).
RSI is still in bullish zone - not overbought - and in corrective mode.
ADX: DI+ declines and DI- rises, momentum is still high; as long as DI+ is above DI- the trend is still positive
Possibly we´ve already seen the lower turning point or we´ll see it in the near future.
Stop: 0.73$ - then this analysis would be false, because wave 4 can´t be lower than the peak of wave 1
Ripple You Are Cleared For TakeoffAfter what can only be described as a dismal three months for Ripple investors who bought into the hype in December - January, there may finally be a light at the end of the tunnel. Looking at the chart, you can see that Ripple finally and clearly broke through the downtrend channel that plagued the cryptocurrency for months. Further, like most of the other cryptocurrencies, Rippple is showing an ABC correction pattern. Unless Ripple takes a major nose dive in the next 2 weeks, it looks like the majority of pain is over and we should see a slow and steady uptrend from here.
Ripple hitting this .75 cents resistanceRipple broke that trendline and is moving up nicely. If you bought last time on the break above or retest of the .65 cent level, you are in profit. Make sure you either sell half to lock some in, or protect yourself with a stop. Right now we are sitting at this next major resistance point.
Signs it's going to continue up to .90 cent area and ways to play it
1. Breaks the .75 cent high resistance point. You can throw a buy stop just above it for a continuation move like last time.
or
2. Comes back down to this .70 cent trading mark and then continues higher.
I would lock in profit with stops and really watch this .65 cent zone, if we break that we are going do to .55 cents or in that channel.
Happy Trading,
-Sherem
XRP Extremely BullishNot much to say that the chart cannot say by itself.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.
RIPPLE get ready for a breakthrough!!We are fighting the favorite of the BTC market for the breakthrough of the bearish resistance line.
Some alts show signals before BTC, now XRP is just from this category
Consider a 4h chart, a tool in a bullish mood, as evidenced by moving averages. EMA 5 is higher than EMA 13, and to EMA 50 is very far.
The market profile shows the set of position in POC SUPPORT, which gives a great chance of rebound into the zone of imbalance. Also, the price is for EMA 13, which gives additional support
We observe at once several divergences: RSI and OPEN INTEREST
The reduction of teak volumes also gives a signal of the impending movement
The nearest target is 0.70 XRP, at the entrance to the zone of imbalance the asset will necessarily return to the key level after confirmation (and, of course, to drop all weak players). After that, the bulls will struggle to continue the trend and go to the next resistance point 0.90 XRP.
We recommend entering the market or adding to the position after the start of the movement and after the test of 0.70, get additional confirmation and will sleep calmer
With 80% probability, the asset will continue to move
I invite all comers to try our indicator of open interest V2
XRPUSD LONG 4HR
As i said in the last analysis few weeks before
we gonna hit the monthly resistance after a very long time
ripple got a very strong momentum now, seems like a lot of buyers jumping in and push the markets up !
The MA's looking pretty good to so we maybe will see
a upcoming trend change soon
RIPPLE XRP Downward Wedge To End Soon - HThere are not SL on this trade so if you're in, it will be a High Risk trade. I would not enter until we watch further developments here such as pattern change which is desperately needed for most coins we have.
Recommendation...
Wait for a breakout, right now too risky to enter without any confirmations
Indicators...
RSI undersold which is positive
MACD is in heavy accumulation zone - will pump sooner or later
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Ripple approaching support, potential to bounce strongly!XRPUSD is approaching major support at 0.7339 (Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to 0.8320 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2.8% and a corresponding bounce could occur above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RIPPLE XRP/USD - BIG MOVE COMING! Wave 5 on the HorizonEveryone should look at the Ripple/USD chart in Log scale dating back 1 year to see whats really going on.
Its EXTREMELY Technical and is following the trend to perfection.
Say what you want about Ripple but you cant deny the BIG Moves it makes when its all gas'd up.
To me, its just a money making opportunity. I get in and get out.
We are in a descending wedge from the last correction and its about to break up. It wouldnt make sense for it to break down below the trend line that its followed for the past year when we're not at the end of it yet.
It would have to be squeezed out of it at the top which if you follow my trendline to the top this should happen around may which is when we will see the real correction take place. This last one was peanuts IMO
Also, this pattern lines up perfectly with the FIB so if my TA is correct im seeing a top around $8-$10 as hard is that is to believe but i cant see it play out any other way being its so technical.
***NOT FINANCIAL ADVISE... This is just my humble opinion. Ive been wrong many times, and i may be again, but this one is hard to ignor.
Id love to get the opinions from others if you see what im seeing
Happy Trading Ya'll!
Ripple is testing major resistance, potential for a strong drop!XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple (XRP/USD) - Bullish Sequence - Elliott Wave Count Ripple (XRP/USD) is presenting a possible Bullish Sequence as per the current Wave Count.
Corrective Structure reflects a Complex Double Three, with a last piece remaining to unfold.
However, according to other structures this sequence can take, Ripple (XRP/USD) could be a good BUY at these times.
Those who are holding could see $5.75 in 2018 or even more. While some are expecting $20, I would be OK with $5.75, let it go there and we'll see later.
From $0.938 we could easily see a $1.65 / $1.80 and a reaction would be analyzed at these levels as the last fall could not come anymore and Ripple (XRP/USD) could punch through the ceiling.
Verdict: Bullish