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Xrpanalysis

#XRP TO (possibly) DROP - .2411 TO .2401 Then go LONG (IDEA)During the current uptrend that XRP has been having it created a double bottom schematic (I've marked with a blue line) This represents Lquidity underneath that instutions will want to take. Prepare for a drop below that double bottome but not below the current uptrend. I've marked the areas to watch to buy from are btween .2411 and .2401 The watch for a sharp ris and it will want to take out the current high where liquidity will also be sitting. Understanding where liquidity is, that's where I look to trade. Just saying. Check my Previous Idea, the "Long box" hasn't changed, and I've still held my main position, adding new ones, and scalping along the way. I COINBASE:XRPUSD hope you have to if you have been following this idea. A better look at the double bottom where liquidity lies There is also liquidity above to take out. so keep that in mind as it will want to break those new highs. Whether it will break the new highs first and then drop or drop and break the new high's is the real question. But I think it will drop and then take out the new highs. This idea could be a slow developer. Don't expect it today. It could happen over the course of the week or two. (Liquidity above) Just an Idea. Not sure if it will happen. But if you see a drop, expect this to be the outcome. If it takses out the highs first Expect it to sell around .2509 - 2520 (Last buy flaet bottom institutional buy candle that is near the previous high, the higher high than the most recent high) See Chart Thanks for listening to me ramble.
COINBASE:XRPUSDLong
by BodiesXWix
1
Ripple #XRP BULLS - It's done with the drop Part 2i got Stopped out. Not much of a loss. I waited to see if the momentum was going to shift and it seems that it has. So I started a new position. but I'm not giving it much room in case the bears come back in. Trying to hold the 24 level so I evtered just below. See my previous Idea for my understanding that the drop is over. It's fighting. But I'm too much of a bear and the indicators I have say this is the bottom. I keep hesitating to post this because I'm flirting with being knock out for the past 40 minutes.
COINBASE:XRPUSDLong
by BodiesXWix
1
Don't miss the great buy opportunity in XRPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2139). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XRPUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.24653 TP2= @ 0.28490 TP3= @ 0.34010 SL= Break below S2
BITFINEX:XRPUSDLong
by ForecastCity
18
Don't miss the great buy opportunity in XRPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2698). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XRP/U.S. Dollar is in a uptrend and the Continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 0.3400 TP2= @ 0.3790 TP3= @ 0.5095 SL= Break below S2
BITFINEX:XRPUSDLong
by ForecastCity
24
Don't miss the great buy opportunity in XRPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2188). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XRPUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 0.2521 TP2= @ 0.3278 TP3= @ 0.3785 SL= Break below S2
BITFINEX:XRPUSDLong
by ForecastCity
5