SKL SKALE NETWORK - BREAKOUT TO 0.40 Looks in made - BREAKOUT!Hello Traders,
I hope you have a great weekend.
SKALE NETWORK - looks to have a breakout in short term to 0,40+ ( long term more possible)
This depending on TA and Trends.
stoplimit: 0,23 - as long we stay above this trend a possible breakout above 0,40 - with long term target 1 usd.
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XPR
XPRUSDT AnalysisPeople who listened EngineeringRobo's MOON signal and bought XPRUSDT in the beginning of July, enjoy your 16.95% PROFIT that you made in 3 weeks!
If you bought from the MOON signal, do not hurry to sell yet but keep an eye on it since it's still below the resistance level ($0.22).
I will be waiting for EngineeringRobo's sell signals to take an action.
XRP : Palladium trading ideaJust to share my current Palladium trading idea.
In my opinion, Palladium will probably want to test the support before it takes the next big step.
So the right time to buy has not yet come and is likely to be in the second half of November.
Of course, I can be completely wrong. Take care & good luck!
XRPBTC - Diamond Bottom - Bull run aheadXRPBTC is continuously falling for long time and finally found the bottom of it.
It formed Diamond bottom pattern which indicates strong trend reversal.
Stochastic and RSI is also showing divergence.
Also BTC.D - Bitcoin Dominance is also at the previous top level.
So we have at least 4 evidences backing up the idea.
However, Satoshi market is highly volatile, So you should wait for bull signal with significant high volume.
$XRP #Ripple - Called It, Again - Price Limited by Monthly PivotI tweeted multiple times to look for an exit at 0.69, as well as putting it in my daily analysis and follow-ups to those analysis.
Price is now at 0.64 and is a good place to re-enter as that is the 0.50 fib of the move from 0.55 to 0.70.
I see two possibilities for this correction wave, an Bullish Pennant (plotted in purple) or a Flat ABC, both of which would basically do the same thing, but with Flat ABC closer to 0.64 before the next impulse wave.
Im not particularly fond of the last 1-2-3-4-5 structure, so much in fact that I feel I must give an alternate count to consider.
We could be in Wave 2 with my plotted Wave 5 actually Wave 1. As long as the price does not go below the plotted Wave 4, this alternate count could still be valid; it largely depends on future waves. Ive seen a lot of Flat ABC correction waves when it comes to $XRP but if Wave C went below Wave 4, it would confirm the plotted wave count and invalidate the alternate wave count.
The next wave should culminate at the bearish trend-line.... OR it could be the end of Wave 3 with Wave 5 extending to 0.84.
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As always, this is my personal observation and analysis of the market and is not intended to be trading advice.
For future updates to this Analysis follow me here, or if you want to get more up-to-date updates to price action follow me on Twitter @ExsiliumI.
RIPPLE Market Analysis - Key ResistanceThe Ripple moves sideways last few days. This means, none of the party (sellers and buyers) took initiative to control the price. The price touched the previous structure high at 0.83, which acts as a major resistance level. Every time Ripple got closer to that level, it was rejected by sellers. In others words, there were sell orders at that area that pushed the price down. It is expected that the more sellers will step in and buyers will liquidate their positions after unsuccessful breakout attempts. Those scenarios will give additional selling momentum and there will be opportunity to go short.
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RIPPLE Analyses - New Support FormedThe Ripple moves are very correlated to BTC price actions. If we compare H1 charts, we see that they make the same moves in the last few hours. The price hit the previous structure low at 0.7455 area and bounced back. It formed a support level and now the Ripple price now moves in sideways, because it was unable to break the previous low to continue down trending. It is expected that the price will move between those two areas for some. I will await the valid breakout and then open a position.
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XPRUSD: Ripple Valid Breakout for Short?This XPR setup similar to BCHUSD setup, I analyzed recently. The strong bearish bar broke the previous structure low and support level at 0.88615. Now that support acts as resistance and there are two scenarios that most likely develop.
The XPR price action shows that the sellers controlling the price last few days. However, there is a slight shift of power in the last hours. The last 4H bar is bullish and buyer may push the price up and backtest the breakout. The second scenario is a more aggressive approach to go short and consider this as a valid breakout. However, I prefer to wait the market to see how the price action develops and then take the position.
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XPRUSD: Ripple - Do sellers become buyers soon?!The XPR price dropped significantly last few hours. There are three big bearish candles that show that sellers were in control of the price. There was strong volatility today.
The price was less volatile last hour and it getting close to structure low at 0.88190. That is the strong support level, and it is expected that the buyer will step in on that area. Moreover, those sellers who are in control of the price last hours will lock their profits and give additional buying power to the price. Moreover, the stochastic is entering an oversold zone.
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XPRUSD: Ripple Short Soon? Nice Profits?!The XPR price rose significantly last few days and it is more likely to be continued until it reach the previous high at 1.2000. It is a rounded number and acts as resistance level. The price already respected that level two times and it is more likely it will do again. The previous buyers are going to lock their profits at that area, and the new sellers most likely start selling at the point which will drop the price down. Moreover, the bat pattern is formed, which provides guidance where to enter, put stop loss and take profits. According to this analysis, there is a high probability that the price will go down, if it reaches the resistance zone (red area).
T1 – 38.2
T2 – 61.8
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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