XRP Ready for a pull back after rejection!Hi Traders,
As you can see, XRP has a bearish divergence building on the RSI AND was rejected by our local resistance at .1936. The bearish divergence is even obvious on the 1h chart. I expect XRP to pull back to the .618 buy zone indicated with the yellow box (around .1815).
This is not financial advice, do your own research and most of all, good luck!
Xrp-usd
XRPUSD - INTRADAY - 14. APR. 2020Welcome to our daily trade setup ( XRPUSD )!
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1 HOUR
Strong push and price action occured.
4 HOUR
Bullish wave had an end, looking for short positions now.
OVERALL
Great short entries, market in pullback but expecting it to drop further.
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CRYPTO INTRADAY
SELL XRPUSD
ENTRY LEVEL @ 0.18600
SL @ 0.18930
TP @ 0.18120
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
XRPUSD technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 XRPUSD technicaly based idea, technicaly indicators showing we can expect higher bulish market continuation, we can see price is bounce from FIBO 0.2 and we can see before curent canedls there is DOJI candels which indicates in many cases reversing trend, expecting to see push in price till FIBO 0.382 possible and break will update with time.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
XRP: Breakout? BuyBITSTAMP:XRPUSD : BUY
Thesis: Will banks be able to distribute relief funds?
Analysis Method: Fibonacci & Wave Theory
Wave Count: Minor Wave 3
Target Area: $.26-.$31
About XRP: ripple.com
XRP is an independent digital asset that is native to the XRP Ledger. With governance and fast transaction confirmations, XRP is said to be the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility, and fast settlement finality for interbank flows.
According to Ripple, those who use the digital asset XRP to source liquidity can reportedly do so in seconds. The team at Ripple hopes to enable the world to move value like it already moves information on the web today.
Website: ripple.com
Rank: 3
Market Cap: 8 Billion
Minute Wave: Leading Diagonal
Minor Wave 3 Target Area:
Minor Wave 3 Time-frame: 11 Days
Will update.
FMW
Nice Short Term Buy @ .185Hi Traders,
If you found this analysis informational or amusing, the greatest compliment you could give is to leave a like and a comment, alright, let's get right to it...
As you can see we've begun to correct yesterday's move. We have a bear flag setting up for a drop to the .185 level, there is also confluence with the trendline between the .786 and the .618. If you buy in, I would run a stop loss just below the .786 (maybe the .181 level). If we break down below the trendline, wait for a retest to close long positions. This is a short term trade, as I am more bearish than bullish here but, money is money so let's trade for profit and stack the chips baby! As for a target on the trade I think we'd retest the .191 area but with a manipulated market like we have here, you're best bet is to buy in at the bounce, set your stop loss and as the price moves up, move your stop loss up to a point where if you get liquidated, you will break even including fees.
This is not trading advice, I am not a financial adviser, do your own research!
Trading is EASYWe can see that price has been following our trend line in a bullish manor and we are expecting it to keep doing so as price has also broke above our blue line which has been used as strong support and resistance previously.
See how simple trading can actually be? Nice clean charts, No indicators just a simple trend line and support/resistance level. People try to over complicate things which is why 99% of traders fail.. To get in that 1% you MUST change your trading mindset else you will be stuck in that hole forever.
If you need help just message me.
Bearish Divergence, XRP about to short term correctHello Traders,
We have bearish divergence on the 1h chart. We may have hit the top but, I think we get one more shot at the .195 area.
Ready for a pull back to the .186 to .1845 area.
Likes take a moment to leave and are much appreciated,
This is not financial advice, do your own research and trade at your own risk.
Cheers!
Inverted Scale Tells The TaleHi Traders,
I've inverted the scale to give a different perspective, in the chart, the inverted scale gives a very bullish flag pattern, we have volume calming down and are almost at the apex of the flag. It could go against us and the price could rise but this flag looks like we're in for a nice correction to the down side (up in chart). Two targets listed.
Trade safe out there!
A like is a small gesture that means a great deal, if you got any value from this chart, please give me a like to let me know!
This is not financial advice, do you own due diligence!
Massive Dragonfly Doji Signals Downward MoveHi Traders,
In the chart you will see we've bee printing bearish divergence and with the close of the 4h candle we just printed a HUGE Dragonfly Doji signaling further declines. I expect a retest of the channel at .1735 and if we sustain a break below the trendline, look out below!. Trade at your own risk, this is for entertainment purposes only and I am not a financial advisor. Do your own research!
So what's my totally awesome, completely unique trading plan you ask? I plan to open a short with a stop loss at .185, first target .145 second target at .128 - Good Luck!
Bearish Divergence - Drop IncomingHi Traders,
As you can see from the chart we have bearish divergence, I expect a drop soon. Hopefully you didn't buy into this rally. You can also see another rejection from the top of the resistance. I expect a retest of .12-.14 soon.
Leaving a like costs nothing but let's me know you got value from this idea and is much appreciated.
Stay safe out there,
The case for .014 Cent XRPHi Traders,
Given all the negative global news about the beer virus, I don't believe we've seen the final selloff in crypto or the stock market. Let's be real here, crypto is a "RISK-ON" investment and right now, the world is "RISK-OFF". There has always been talk about a flush out that will end 99% of crypto assets and leave only viable projects in the end. This happened during the dot-com boom and bust cycle and I expect it will happen in crypto BEFORE it is deemed a legitimate asset. The future is definitely crypto but RIGHT NOW, we have to cull the herd. I expect a biblical drop once the beer cold hits it's peak and there's blood in the streets. I wouldn't hold ANY position without a stop-loss.
Good Luck Traders!
XRPUSD potential longs if we can hold and then break 0.18000XRPUSD is currently on very interesting level.
Yesterday's dump dragged XRP towards 0.16700-600 levels, which is previous resistance and now support
of big consolidation box.
This level also holding supportive trendline, which is also very important.
If it breaks these levels down below, longs are invalid and i will not be looking for long opportunities anymore.
If we can hold and i see some kind of Accumulation, i could long right here around 0.17.
More longs i will be adding if we break+retest 0.18, which is very important zone/level for further moves.
Psychological level + previous daily/weekly low. if we break it, XRP is gonna lead towards 0.22500 and maybe even more.
Good luck with trading guys. if you like this, dont forget to hit a like button,
Thank you and dont forget to trade with proper Risk and Money management
XRP topped out at the resistance lineHi traders,
As you can see from the chart, XRP has topped out at the resistance line of .175 and is now retracing. I predict it will continue lower. The RSI is overbought and a tell was BTC was moving sideways while XRP was pumping. This was a nice stop hunt by the whales, hope you didn't get caught in it. I believe NOW, we can finally start to see some downside pressure come in and push this to test .136. Let's see if I'm right.
THEY SAY "EVERY GAP GETS FILLED"... THIS IS OUR LAST GAP!Good Morning Traders,
I've outlined a speculative take on price action moving forward. The daily and monthly indicators are going to move bullish soon so this will either play out soon OR may play out after we break to .19 and retrace back down (several days) but i'm leaning toward now, it's too soon to tell but, if "every gap" does indeed get filled you should be aware of the enormous gap between .11 and .07 cents all the way back from the start of the previous bull run (Yellow Box). I say this is more speculative because I don't specifically see this in the indicators however I have seen some elliotitions show wave "C" ending there. If we see a sustained violation of the upward trendline, we should begin to see some back testing of previous support levels. All horizontal lines can act as resistance / support on the way down, so if we get a bounce off of one or more of them watch to see if they don't confirm previous support as new resistance. If all goes according to plan I will go ALL IN at the Purple Box! I firmly believe that this is the final correction before the bull. I do not have a position right now, sometimes the best trades aren't trades at all. This is not financial advice, trade at your own risk.
XRP TO DIVE SOONIn the chart we can see bear divergence on the RSI. We also have significant resistance at the December lows of .175 with two rejections at the top of the bear flag I discussed yesterday, all this while also experiencing declining volume looks pretty bearish to me. The more times it butt's into the .175 resistance the weaker the resistance becomes so it's possible it gets through it should price stay at these levels. I just don't see that happening though. If you want to open a long, I would do so AFTER breaking AND holding the .175 trendline, wait for a retest and buy in there with a SL at .165 but by God, WAIT for confirmation. If XRP goes bullish, I would expect no higher than .30 as the top target. Good luck and happy trading!
This is not trading advice, trade at your own risk.
We've reached the top of the bear flag formation, now where?XRP has reached the top of the flag and rejected off resistance and is currently overbought on the RSI, I expect it to fall to the bottom of bear flag where it should break resistance, retest the flag and drop to double tap the previous low. Will it go further? Time will tell.
Obviously it would invalidate my short call should it break .16 AND HOLD on high volume. If shorting, I would place SL @ .165.
This is not financial advice, trade at your own risk.
XRP/USD-4 Hour analysisHello everybody!
-On a 4-hour time frame, we can see that the price is moving within the descending channel and we can see that the price is approaching near the resistance line of a descending channel.
-We can expect a breakout or rejection and then bearish movement!
-The price is not much volatile so we have a controlled movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
RIPPLE.. CAN WE GET A SPRING BACK UP?GOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @
www.youtube.com ... a LOT more educational videos will be uploaded real soon.
Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our next demand, we know this news has everyone shook, but we will remain strong and keep destroying this volatility ...
Because we are doubling at the bottom, making a new low on the (weekly bitfinex chart) I just want to see what kind of momentum we can play with today and maybe the next few days.
We will not be entering until all other rules of the strategy are met.
Please let me know in the comment section below if you have any questions, tips or suggestions! -CO
RIPPLE ENTRY UPDATEGOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @
www.youtube.com ... a LOT more educational videos will be uploaded real soon.
RECAP: Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our next demand, we know this news has everyone shook, but we will remain strong and keep destroying this volatility ...
Because we are doubling at the bottom, making a new low on the (weekly bitfinex chart) I just want to see what kind of momentum we can play with today and maybe the next few days.
We will not be entering until all other rules of the strategy are met.
Please let me know in the comment section below if you have any questions, tips or suggestions! -CO