XRPEUR
XRP/BTC (Weekly Bullish Signs?)XRP/BTC
-this coin has been in a downtrend since the start of 2019
-the price has entered the area of dynamic support
-there is a bullish divergence on the weekly RSI
-the pattern is forming a potential reversal channel
-we have two scenarios here
-if xrp is unable to break the downward trendline
-it may go down 1 more left before attempting to change the trend
-or if a successful break above 2400 sat
-then, we can say a temporary bottom at 1900 sat for reversal chance
-overall, things are looking good in the mid to long term technical view
XRPEUR LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
XRP HUGE buy signal on the 4H
XRP has been in a downtrend since 8TH of May (flash crash - Black friday).
Since yesterday 30th of May at 22P.M. UTC+2 on the 4H chart I've noticed this buy Signal (green line on the chart - which is a pivotal point revearsal of a trend)
R1:€0.18553/R2:€0.20231/R3:€0.21723
S1:€0.18410/S2:€0.17822
XRP/BTC (Descending Triangle - Broke Downside)XRP/BTC
-descending triangle broke to the downside
-weekly support is broken at the 2300s
-next weekly support is located at the 1500s
-if downtrend will continue, expect -30% more
-you have entered Long position above the 2300s
-your stoploss should have triggered already
-don't catch a fallen knife
-wait for the reversal confirmation
-before entering a Long position
XRP Break upXRP has broken above the 200MA
This situation could be very bullish and repeat a previous break above the 200MA
Falling wedge is a bullish reversal pattern
There is a symmetrical triangle and falling wedge, subjective of where you draw the trend lines
A previous chart of mine where a break above a MA level was observed
XRP TESTING RESISTANCE The bullish rally is going to test 24 January 2020 resistance at 0,1948 (YELLOW LINE)
2 possibles scenarios as always:
1st With big volume breaks the resistance level (YELLOW LINE) and test it again for the possible target at 0,2068.
2st bounce back on the resistance looking for sell opportunities.
The price follows the bullish regression trendline 12 march green one.
The regression trendline blue one is for the bigger downtrend 15 february confirms 0,2068 as a possible target for long positions.
Next analysis it will be on XRPUSD.
XRP Scallop Bullflag ScenarioAscending scallop turned bull flag scenario
Ascending scallops usually break down before they push the price up, however this one has formed a channel.
Could it be the flag?
I have done quite a lot of scenarios for XRP and feedback is always appreciated
Don't get shaken out!
XRPBTC Gann boxXRP has formed some nice patterns within the Gann box, clear decay in price along the inner Arc (highlighted in orange) Will we see a moonshot though? Maybe. Currently price is in a falling wedge (hard to spot but its there). 1st target is the inner Arc highlighted in green, second target is the Fibonacci spiral that aligns with an upper arc within the box.
Here is some of my other work with XRP
Why it is time to add XRP.
And some wedges that have formed on the USD pair, both bullish.