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.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Ripplelong
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.
XRP / Ripple - $2.5 support level (HOLD)06-01-2018 Technical Analysis (Support levels & price targets)
XRP/USD
PAST WEEK
Ripple has had an amazing past week, having a bullish run from $1.879 & peaking at $3.30! (75% increase in a mere 5 days). However having retraced about 30% from the peak of $3.30. It is still seemingly managing to hold steady at $2.50 (just below the 0.5 fib retracement level) which is still a 25% increase from the high of $1.879.
SUPPORT LEVELS
We are currently slightly below the 3rd support level from the high achieved on 4th of Jan 2018, priced at about $2.54 (0.5 fib retracement level).
Other support levels to watch out for as we continue the move upward in a few days will be $2.77 (0.618 fib retracement) & about $2.99 (0.786 fib retracement). Next support level if price were to break and fall would be, $2.21 (0.236 fib retracement). These support levels could be initial targets for price to stagger around before retesting the high of $3.30 and eventually popping the cap (bring the champagne please :P).
PRICE TARGETS
There are 4 possible price targets to hit after popping the previous high of $3.30. These are $3.42, $3.74, $4.02 & $4.24 (marked as the green horizontal lines). There is one more extension price target on my chart but I will not include it as it seems unlikely to be hit within the next rally.
RSI
RSI rating is 81 at the moment that I am typing this out. Still in the overbought channel, however we will have a few days of stagnant prices and it might even fall to the 4th & 5th support level ($2.41 & $2.21 respectively), giving us plenty of room to breathe whilst the RSI rating falls back into the "acceptable" range of below 75.
WEDGE
Looks to be that the wedge that i charted since the price of about $0.2 is finally gonna be broken in the next few days, which could cause a fall in price to the $2.41 support level, or maybe even the $2.21 level, if bears decide to push it down further. Not to fret though, this is a normal market correction after about 3 weeks of bullish movement, price will regain momentum soon, I will include dates of suspected volatility in the next section.
TIME FRAMES
The last piece of TA I did and uploaded on several forums (Reddit / XRPChat) were pretty accurate for both rallies around the time of 28th of December & 4th of Jan. The next time zones according to my analysis (marked by the orange areas) would be today, 6th of Jan. The time I suspect the next big rally will be is, 14th Jan 2018, this is because the 3 week long wedge is about to be broken and it should be at least a few days, to a week long for price to re-consolidate before moving upward again.
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
Price should stay down for the next few days to a week long, expect price to start gaining momentum heading toward the 14th of Jan.
Don't be surprised if price falls to $2.21 - that is the lowest retracement level.
Expect prices to experience resistance whilst moving up back to $3.30. Once past $3.30 it should move up to a maximum of $4.24 or slightly higher.
Happy trading! Kept gains are less pains :)
- El.NOIV
XRP; 2 strategies. $4.12 long term target! Another explosion? Risk: Low/ 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 just started posting since this month and and I see a rapid increase in the number of followers. I really appreciate it when you like my ideas, this helps me to reach more people and to provide you with even better charts. :-) Because my channel is increasing just as fast as Ripple. Sometimes I can't respond to everyone (It's not personal ;))
I received a lot of questions about buy back levels for not missing the train again, so I made two strategies for you. I put the risk on medium, because a pullback is logical after this rapid increase. We reduce the risk with these strategies:
1st strategy:
Buy: If an hour candle closes above the blue horizontal line. (yellow arrow)
(Click the play button on the chart for confirmation)
2nd strategy (long term):
Buy back in levels:
1.88 (Buy small)
1.72 (Buy/add medium)
1.52 (Buy/add medium)
1.25 (Buy/add big)
Targets:
Target 1: 2,78
Target 2: 3,05
Target 3: 3,49
Target 4: 4,08
Support levels: Raising blue lines, fibbo levels and 50ma.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
XRP target +180% to $5.00 by Jan-2nd 2018Looking at the last rally and the clear fact that we are in the bullish flag, leads me to believe we are ready for continuation over the same time frame and same gains from the last rally of +180%, which will give us a target between $5.00 and $5.50 by January 2nd 2018.
This could be further pushed once Coinbase makes ripple available on their site.
I thought at first that it may be difficult to see the price rally to $10 after Coinbase puts Ripple online. However, it's possible we may see it go higher. The struggle I'm having is that the market capitalization will be very high to achieve a price of $10-15 or even $20 per XRP. I haven't done the numbers, but I know it's way up there for market cap.
In the back of my mind, I feel that it's possible that a large portion of the Bitcoin market cap could be quickly moved over to Ripple for a number of reasons:
- profit potential
- transaction speed (seconds, not hours)
- transaction fees (pennies vs $12-25 or more for BTC transactions)
- adoption and acceptance worldwide (Japan & India will bring $3-5 Trillion to the market cap far surpassing Bitcoin market cap)
There are a few issues to keep in mind about XRP:
- not fully decentralized
- controlled by the company
- not mined in any way, simply created, like US Dollars
- 100 Billion coins total
- More may be created, although 55 Billion are in Escrow to manage cost/value
An interesting article detailing more about Ripple can be found here:
ethereumworldnews.com
#RIPPLE (XRP) 325% to $2.85 after bullish flagI expect Ripple may go 315% from the bottom of the bullish flag, as shown here. Figures come from measuring the size of the flag pole, before the flag began.
HODL for the weekend.
Safe sell zones:
$2.50 - Light Orange Line
$2.60 - Dark Orange Line
$2.80 - Red Line
After selling at that point, you may want to sit back, wait for about 60% retracement and the buy more at $1.60. HODL that through New Years and shortly after that I predict we'll be at $4.25 per XRP.
Safe, buy now at $1.20ish - sell at $2.50 (108%) - buy again at $1.60 - sell again at $4.20 (162% compounded on your original 108% gains). Overall 325% increase.
Keep in mind, my timing may be off by as much as 1 week.
XRP- Why i still think this consolodation is valid and extendedSo as you can see in this chart I have originally charted a wedge that I believed that Ripple would consoldate inside of and then sky rocket. Today would have made this invalid under normal circumstances/TA. However I have a few reasons why I think we can extend this and almost wipe away the action that has happened in the last day and the drop we expierenced. The main reason and what i believe is the most justifing is crypto in general does not always follow TA to the extent normal investing does. Today we expierencced coinbase adding BCH. Once this was added wesaw huge gains that immediately causing BTC to drop. This happened for multiple reasons what i believe is the most valid is in my opinion before today BCH was stillundervalued (I dont own) along with people knowing it was a confirmed add to coinbase which now having a very large amount of users provides alot of demand vs other exhcanges. We saw last week how influential a user friendly app likecoinbase can be. #1 on the app store. So with that we saw mainstream money pour in without reason. So with BCH getting traded added newer people immediately throwing money infor no other reason beside it is going up as well as expeienced traders as in the past new coins on coinbase have huge spike then plumment then gain steady over the next week at least. This makes for a good scalpand quickmoney in and out. So once that happend coinbase froze trading but shortly resumed I believe and we watched price skyrocket as moneymovedin making BTC fall. Without any news/ catalyst like last week ripplemoved back into following btc which actually gives mesome confidence in this strange market right now. Therefore we dropped as well. This is something that I believe is trivial and should not be accounted for when looking at the patterns of xrp (many may disagree but my opinion). I belive we are stillon track fora $1 xrp within the week. The reason why is everyone that talks about xrp being a scam coin and not plausible will finally see the true value and actual realworldvalue that is talking a problem that is here right now- banks moving money. I have heard from a close source who has spoke with a exec at ripple that we will finally get CONFIRMATION ( look at the spike of the actual news that lock up happened when these coins werent actually in the market.) on who the 2 non banking partners are potentially this Friday.... If you have seen the slide from swell i believe it very well is Uber and Amazon... Imagine a 70cent coin announcing they are partnered with Amazon in real world application to speed payments and slowly proving it is even better if they use ripple.... thats astronomical. Becuase of these few things I think we can almost erasethe movements of the last day and still be on course.
This is personal opinion and nothing more. Please check the charts and trade at your own risk! Thanks guys.P.s Sorry for all the words without spaces my spacebar is broke.
To prove confidence- I am down $5k on ripple today and am not sweating what so ever- slides from swell:https://oracletimes.com/does-ripple-xrp-latest-price-move-have-anything-to-do-with-airbnb-amazon-and-uber/ heres a link that shows them... before you talk about xVia not actually using Xrp. I know. Ripple knows. they have announced a long time ago they have a 3 pronged approach to slowly prove and adapt the use of XRP to these partners. They are one of the only real companies trying to slowly set a base to buildoff.I believe thats huge.
Ask yourself: Will crypto overthrow banks first or will banks adapt and use cryptofirst? I'm betting on the latter.
Comments/questions/constructive critiscism much appreciated.
If you agree/find value please follow slowly starting to post charts as i continue to share thoughts.
XRP to the Moon!XRP is already up over 100% since breakout and has formed a beautiful bullish pennant .
The bottom of the pennant has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the pennant here shortly.
Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the daily chart I have shown below.
IF we ever then break upward through the downward trendline, I plan to double up on my position.
First Major Target is set at $1-1.1
IF we break my stop loss I will look to re-accumulate around .6
Minor Resistance levels are also shown above.
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.