Ripple/USD Great long-Term Trading Opportunity. don't miss itTrading suggestion:
Price is in the support zone (1.8500 to 1.3900), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (1.85)
.Ending of entry zone (1.39)
Take Profit:
TP1= @ 2.24
TP2= @ 2.73
TP3= @ 3.00
TP4= @ 3.51
TP5= @ Free
Technical analysis:
.Price is below WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 57.
.Current short-term is range bound, but resumption of uptrend is expected.
Ripplelong
XPRUSD - BUYERS enter the Market!?Hello Traders!
Suppose, that current correction should soon be over.
Powerful Traders decisively take a long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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.
Join us!
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
Ripple continues to test major support, watch for a bounce!Ripple continues to test major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding 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 DEAD or ALIVE? ;)Hello Traders!
Yesterday we said: "Obviously the Correction phase, is over!?" ) Incredibly, but NOT OVER!!! )))
BRAVO RIPPLE!!! Thanks teacher XPR! The next Game is DEAD or ALIVE!? Ok! Let's play! We believe in YOU!
Powerful Traders decisively take a long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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.
Join us!
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
Ripple is approaching major support, watch for potential bounce!Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur. We are also seeing major bullish divergence vs price signaling that a reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple - Uptrend in "3-d" or "C" waves!?Hello Traders!
We accurately predict the end of supposed 2-nd subwave. Obviously the Correction phase, is over!? )))
Near time, if the price do not breakthrough the invalidation level 0.87357, we should see the start of strong Uptrend in 3-d or C wave!
Subscribe to "Powerful Traders"!
PT's will try to take long position for 2.60000$;
"Short term target": 1.60000$.
"Middle term targets": 2.00000$;
"Long term targets": 3.00000 - 3.40000$.
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.
Join us!
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
Ripple dropping strongly, watch for a pullback to resistance!Ripple is dropping really strongly and we watch for the pullback to our 1st resistance level at 1.1508 (Fibonacci retracement, horizontal breakout resistance level) where it could serve as a possible re-entry level for price to react off and make a push down to 0.8729 support (Fibonacci extension, horizontal swing low support).
RSI (89) has made a bearish exit of our long term ascending support-turned-resistance line and also has broken below our 42% support opening a large downside move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple XRP Start of an upward trend - H&SAs I posted earlier in my previous chart which came true. The H&S formation had completed with high volume buyers at approx. $1.
The current trend formed an inverted head and shoulder signaling an potential start of an uptrend. Kindly follow for more updates.
Ripple has broken a major descending resistance line!Ripple has made a bullish exit of our long term descending resistance-turned-support line triggering a potential bullish move to push price up towards 1.7564 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Our 1st support remains at 1.2007 (pullback support, overlap support).
Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re expecting on Ripple.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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!
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.
Join us!
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
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!
-------------------------------------------------------------------------------------------
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