XRP - About to Implode?? or Explode?? XRP has been seeing a spot of consolidation it looks like. Parallel/slightly downward wedge, decreasing volume.
Snapshots of XRP totals take place in less than 24hrs for the flare airdrop.
Overall indicators are not looking good. Psychology of the market changes in last third of consolidation wedge.
I'm expecting a price drop. Targets are marked for support levels.
This is not financial advice.
XRP-USDT
XRP/USDT Strong Move AheadJust like the BTC pair, XRP/USDT is preparing for a strong move either way. One can clearly see the wedge that has been formed over the last few weeks. All depends now on where the wedge will be broken.
In order to trade safely, don't trade on the immediate wedge break. To go long, wait till the bar (preferably higher time frame) has closed above the bullish confirmation line. To short, look at the bearish confirmation line.
Consider the Support and Resistance areas as possible points of reversal. Place your TP/SP accordingly.
467% XRP NEXT MONTHupdated:
fibo speed show XRP got huge potential to gain up to 185%
once break true 618,XRP might do some correction before continue to $3
now we can see December candle about to make some correction (not close yet)
as far i can see XRP still in play as the direction i we expect
January 2021 we might se XRP rise up to 116% (white)
whether after break fibo 618,price is going up or not..we need to see where its landing after
For now My thinking is still the same..
btw this is not financial advise..just my opinion..
what do you think?? let me know...
ETH. Short setup.Estimated entry: $151.4-155.5
Invalidation level: $165.75
Estimated TP levels: $137.75 / $128.35 / $123.6
ETH tested resistance yesterday and rejected hard.
Moving to the first strong support which acted as strong resistance in big Ascending Triangle.
Resistance zone is: $153.1-155.5. Here price should reject again and move to test support.
Watch for Price Action at this level, because it can fail to hold, don't rush into buys.
XRPUSDT LONGXRPUSD is currently in a confirmed uptrend, with the majority of investors remaining bullish. This surge in price seems to be a result of the banning of crypto CFD (contract for difference) trading, and the ending US stock stimulus packages. We should expect to see new highs.
Company information
Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. Wikipedia
Points to take into considerations
Ending US stock stimulus packages: Stocks are ignoring the lack of a stimulus package from Congress, but that could change
Banning of crypto CFD (contract for difference) trading.:FCA bans cryptocurrency CFDs for retail traders
XRP - Overbought, Supports broken. Time for a short?Looking at XRP 8H chart, we see heavy resistance in the 25 cent range over the past while, keeping us in an upward channel.
We are currently overbought on RSI, and we just saw resistance at EMA 200, with shorter EMA's falling below EMA 200 currently.
Bottom support is already broken. Meaning potentially a large dump if it can retest lows.
This is happening during the BTC bullrun, which has been affecting other high cap coins heavily while XRP has seen modest gains at best.
I see downside from XRP soon, down to the next fib level potentially. Not much support there since the boom so could even retest the .19 range but we'll see when we get down there. Pretty straightforward short: BTC retests it's upper resistance, XRP is already starting to fail.
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XRP/USDT - Long - Potential 18%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: XRP/USDT
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 19941
TP1: 20487
TP2: 21216
TP3: 22189
TP4: 23546
SL: 19229
NOTES:
- Be cautious with recent BTC uncertainty - follow with stop losses
- Uptrend
- Sat on Support Zone
- Support Rejection Candles
- Oversold on RSI Deviance
- Resistance>Support Flip
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
XRPUSDT Mixed Signals in the 6 Hr charts.In this 6 Hr chart you can see the bearish cypher in pink. Which
ultimately broke down in price from about $0.34 USDT down to
our current market low for XRP at $0.10296 USDT.
Price has since recovered to $0.17700 USDT. While it climbed
back up near 70% of its decline it has formed a head and shoulder
pattern. This is a bearish reversal pattern. The head and shoulder
broke down but found support on orange trend line. Will it hold?
However, the holy grail indicator is ever so close on making some
powerful crossovers in multiple time frames. Which through my
experience in working with the holy grail indicator is BULLISH!
There is also a VERY powerful crossover lined up here on this 6Hr
chart. Notice the pink, red, and the most powerfull of them all
the purple crossover are very close to price action. With support
outlined by the orange trend lines you can see we are near a
decision point as we are pressed down into the corner of the wedge.
Personally I think the head and shoulder will be a fake out pattern.
There is also a converging pattern on the ADX VS MACD highlighted by yellow
trend lines, which SOMETIMES marks the beginning of a new uptrend. More
often than not it produces a counter trend rally that produced a partial
retracement (decline) of price. This pattern also has an upward bias after
a steep decline! Which we just saw down to $0.10
The RSI is at 49 which 50 is considered bullish.
We will have to wait and see.
I believe the direction is up! But there are some mixed signals. Remember
set a stop loss!
Please some me some appreciation for my work and drop me a like!
XRPUSDT 1 Month Chart Breakout?This chart may look a bit different then my other XRPUSDT charts because it from Poloniex.
I chose this one because it has a longer chart history and to see if we could find another POV
that coincides with my other XRPUSDT charts.
Well it certainty seems the breakout is close for XRP. Yes I'm still bullish!
In this 1 month chart you can see the bearish cypher in pink. Which ultimately broke down in
price from about $0.34 USDT down to our current market low for XRP at $0.10296 USDT.
The holy grail indicator is in position for a bullish crossover. In higher time frames gives more
reliable and stronger signals!
Also another interesting note to be aware of is that bearish harami candles on the monthly charts
not only signal successful reversal signals for XRP but the same goes for BTC.
(You can see the BTC one on another chart I've published recently.)
As for the MACD you can clearly see that selling pressure is subsiding. In fact, its starting to look
like a bullish cross is in the cards as well. Note not to far from the 0 line as well. Above 0 is bullish!
I appears we are in the final stages of a break out according to Elliot waves theory. As you
can see as indicated by the yellow numbers 1-5 with the corresponding waves. Exciting times
ahead! Please remember to protect your investment with a stop loss!
Please drop me a like if you found this chart useful. Thanks!
#Zilliqa $ZIL on the hourly chartRSI 85.87 price of 0.01313 broken at RSI 77.74 your guess of price, $ZIL at RSI +85.87 is as good as mine. DYOR.