Ripplelong
Ripple above major support, prepare for a potential bounce!
Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It also has good upside potential.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple bounced perfectly as forecasted, prepare for bounce againRipple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple - Uptrend!? Hello Traders!
Obviously the Correction phase, is over. We accurately predict the end of supposed 1-st subwave, then retest by 2-nd subwave and after that Strong Uptrend in 3-d!
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RIPPLE (Retest present bottom)Hello Traders!
The Correction phase, do not over. We accurately predict, stop decline tendency. So, yesterday we saw, first rebound, then should wait present bottom retest, next step the creation of balance and after that Strong Uptrend!
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Personal gratitude!
Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be careful with Ripple, cause of adverse fundamenatl factors!
"Hi, do you think that with the low market volume of last days is compatible with a trend break this week in both Ripple and BTC -6.39% that have been severely punished by the impact of news from Korea last week?
The volumes are approximately 15% of those operated in the first week of January. The trends will be defined I think when the money returns to the market I think. Tks 1.50% ."
We are sincerely grateful to you! Respect! Big thanks!
Subscribe to "Powerful Traders"!
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
RIPPLE (Correction continue)Hello Traders!
The Correction phase, do not over. We accurately predict, weak decline, then rebound, creation of balance and after that Strong Uptrend!
-------------------------------------------------------------------------------------------
Personal gratitude!
Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be careful with Ripple, cause of adverse fundamenatl factors!
"Hi, do you think that with the low market volume of last days is compatible with a trend break this week in both Ripple and BTC that have been severely punished by the impact of news from Korea last week?
The volumes are approximately 15% of those operated in the first week of January. The trends will be defined I think when the money returns to the market I think. Tks."
We are sincerely grateful to you! Respect! Big thanks!
Best regards, team traders "Powerful Traders".
Ripple Bounced Off Support - Gains Ahead? Ripple's correction was trading in a downwards channel and was facing major support around 1.6, which if it broke 1.6 would have likely gone lower. Instead, Ripple bounced off support at 1.6 on news of a partnership with Moneygram - and heavy buying started to occur with high volume. Moreover, XABCD pattern indicates bullish bias. All coins have sold off on news of South Korea banning exchanges - which the Korean government clarified will likely not go into effect.
XRP weekly speculative analysis piece, upward movement soon!13-01-2018 | Technical Analysis | Support Levels | Price Targets | Wedge | Time Frames
BITSTAMP:XRPUSD
PAST WEEK
Ripple has had a bearish past week, falling from the high of $2.75 all the way down to $1.57 before the bulls came in and closed the candle above the support level of $1.87. There was a maximum draw down of 31% (closed candles). It is currently sitting on the 0% retracement level of the last bullish run from $1.87, all gains from that run has been wiped out due to the bears (possibly because of CoinBase's CEO's tweet). However, in the full scope of the matter, we are still sitting on the 0.618 retracement level for the run from $0.20 upward! This is positive, indicating that the bullish sentiment is far from over as it has not closed or fallen below the overall 50% retracement level, insinuating that the trend is still valid!!
SUPPORT LEVELS
Price is sitting on the 0% retracement level as I had earlier mention. Might look bad, but this only means that we can only move upward if the support holds steady. I also mentioned that we are still on the 2nd retracement level from the established closed high of $2.75 - meaning the bull trend is not over just yet.
PRICE TARGETS
We have hit the first price target ($2.08) since bouncing off the support line of $1.87. There are four more price levels on the retracement from the closed high, that in which being - $2.21, $2.32, $2.42 & $2.56 respectively. These levels are indicated on the chart with the dark green horizontal lines. These levels could also serve as future support if price were to puncture and extend higher.
RSI
RSI levels are currently looking healthy, having fallen from a rating of 81 (a week ago), to the acceptable range of 54 (13th Jan 2018). This is well below the overbought level and allows for plenty of room over the next week or so to garner upward momentum.
WEDGE
The wedge I plotted in my previous piece of TA did indeed break, as I had suspected would, and the price fell just one level more than I had hoped. I have plotted a new wedge for the short term, with its top at the price of $2.18, we can expect a squeeze in price over the next few days with a mini break out to one of the retracement levels I had mentioned in the section above.
TIME FRAMES
The orange timezone from my previous piece of TA is still valid, and at this rate it looks like my previous prediction of date-volatility is still intact. We are looking for price action movement hopefully, tomorrow onward (14th Jan 2018), and we should keep an eye out for levels i had mentioned in the section above. The next time of expected upward volatility would fall on the 22nd of Jan 2018.
Due to the massive pullback over the past few days, there might be a slow down in bullish measure as there might not be much buyer confidence, seeing that we only closed in the green 2 days ago. This could possibly mean that it might take a day or two after the 14th for bulls to start running up again. I am most definitely bullish over the time period of the next week or so.
These time frames should not be taken to be exact, therefore, give or take a couple of days before and after for price action to pick up (hence the orange "zones").
Conclusion / TLDR
Ripple/XRP has fallen 31% of the last week, however sitting on the 0.618 retracement level from the overall trend of $0.20 onward, indicating that the bullish trend is still valid!
We are looking for upward movement between the $2.32 to $2.42 range in the short term over the next week.
RSI levels are way below the overbought level, giving plenty of space for upward momentum.
There should be green volatility over the next week or so, it is unlikely for the price to break current support.
Happy Trading! Kept gains are less pains.
- El.NOIV
Pennant Pattern on ripple, Building UP.We can clearly see Pennant pattern building on ripple, Since the volume is giving the bullish sign and trend says so as well, will go up probably , the question is when. We should look for a break above resistance signals that the previous advance has resumed. If in case goes bearish , look for a break below support signals that the previous decline has resumed.
Thumbs up if you agree.
Just a learner.
Constructive criticism is always appreciated.
Thank You.
Ripple update: 100%+ profit! Profit of the panic!Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. I have had some very busy days, so I didn't post new ideas past days. I'll be more active from now again and I'll also provide you with some (penny)stocks and currency. But for the most part I will focus on cryptocurrency. Because this is my first idea of this year, I'll provide with a more detailed analysis than usual.
What we saw was a great correction past days. I really like this corrections, because it makes things clearer for the long term and it always brings us new chances. Where other people hates it.
We perfectly tested the 0.618 level. And what we see now are three hammers in a row. A close above the 20ma will confirm our strong uptrend. A close below the 20ma means a weakening of our uptrend, but our trendline is still a strong support. A close below this support (Blue line) will confirm a bearish signal. Besides that MACD turned bearish. We also saw a death cross (Crossover 50ma/200ma) on the hourly chart. We must not ignore this signal, but this isn't a strong sign in my opinion, because the volatility of crypto are very high. A close below below the blue confirms a correction to 1.28.
In summary: I'm still bullish on Ripple and I think we can look for higer levels again.
Bullish signals:
- Three hammers in a row.
- Bounced 0.618
- A close above 20ma (Purple line)
- A close above trend line (Blue line)
Bearish signals:
- Macd
- Death cross
- Close below 20ma
- Close below blue trend line.
Long targets:
- 2.27
- 2.74
- 3.20
- 3.49
- 4.08
Short targets: (If a day candle closes below blue support line)
- 1.28
Good luck!
At the moment of writing, I've have a big position in XRP.
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Questions? Feel free to ask and your feedback is welcome!
XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 EuroXRP has been retracing a bit after a nice bullish run.
For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies.
Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP.
We can see a clear retest of 1.60 from where new buying can come in.
Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate.
This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move.
Like this you will see XRP keep on going making new highs.
XRP is finally looking upXRP is looking promising to break back to the upside. This could potentially become an ABCDE correction If the day continues its bearish start. I don't foresee price falling below demand zone of $1.91 even if this trend is broken. I'm curious to see how this plays out. This is NOT financial advice, strictly my opinion on the direction in which XPR is headed. Feel free to leave feedback as this is my first publicized chart.
Long term trend is still highly bullish even considering the short term bearish movement.