XRP update! Bullish followthrough is here!update XRP EURO daily, 4hr and 1 hr timeframes.
Looks good even though RSI reached overbought area on some timeframes.
not financial advice
Xrpeuro
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.41700 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.41700)
Ending of entry zone (0.30300)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.41700 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.41700)
Ending of entry zone (0.30300)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.45100 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.45100)
Ending of entry zone (0.30300)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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 67.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.45100 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.45100)
Ending of entry zone (0.30300)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
Head & Shoulders Formations (baby and daddy)We have a mini H&S formation inside a bigger H&S formation.
If this plays out correctly as it should, we will go donw inside the channel again.
Negative divergence on the RSIWe have a negative divergence on the RSI.
There is a strong probability that we are headed lower, back into the channel and thus towars the BUY ZONE !!
Not quite there yet !! Waiting for a MACD CROSS on the weekly ..Back in December 2017 the MACD cross preceded the breakout 1 week.
This time should be no different. Quietly waiting for MACD CROSS in mid October 2018 !
Are we still headed for the BUY ZONE ??Cryto Market in general is receiving some love. Are we still headed for the BUY ZONE ??
XRP broke the descending resistance of the bearish wedge of which it recently broke down....
Will it break out of the bullish wedge and turn bullish ??
... or will it turn back down at resistance and fall back sharply into the BUY ZONE ??
I HOPE THE LATTER COMES TRUE FOR I NEED TO FILL MY BAG !!!
XRPEUR LongIn my opinion we are already in the bullish trend, we will fight with bearish trend which is old but still scary. We are ready for another generation bullish friend. We will soon see the verdict. I am ALL IN i trust...
A Long-Term Trading Opportunity To Buy in Ripple/Euro ...Technical analysis:
. RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.55)
. Ending of entry zone (0.38)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.76
TP2= @ 0.96
TP3= @ 1.39
TP4= @ 2.33
TP5= @ 2.86
TP6= Free
A Long-Term Trading Opportunity To Buy in Ripple/Euro ...Technical analysis:
. RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.55)
. Ending of entry zone (0.38)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.76
TP2= @ 0.96
TP3= @ 1.39
TP4= @ 2.33
TP5= @ 2.86
TP6= Free
XRP Simple Again or NotToday was or is a non-event. This regression Trend Channel continues to show #XRP is still on a downward trend on the daily. Albeit-On the edge. All Daily indicators show up
1) Bollinger band is a middle (9day) and holding
2) MACD & BB% continues rising
3) RSI is up
4) PSAR indicates Up
These five indicators are strong but let'ss look deeper.
1) Aroon-Needs to strengthen and cross-See red Circle.
2) Chaikin Oscillator could strengthen
3) Momentum is rising
4) The Elliot Wave Oscillator is still red but moving to the upside
5) Pivot Points for the last pulse have not fired yet....but soon
6) Stochastic RSI is at near the top....I use 95-5 for settings.
7) We are above the .786 fib. For those that hit and bought the .886-Good Job.
8) Any .886 buy is good for a long position
Okay the non-technical stuff for XRP
1) #XRP is not a cryptocurrency-The CEO States that himself. See #BradGarlinghouse Yahoo Finance discussion and video.
2) It is a global cross-border blockchain token that expedites currency transactions in any fiat.
3)X Rapid is the system that uses the tokens.
4) Globally, it is estimated that financial institutions must have 20 trillion USD set aside to manage the existing global fiat transfers....That just sits there as collateral!
5) XRP tokens are designed to facilitate transfers in seconds versus days. By doing so. it allows those institutions to relieve themselves of fiat management and holdings
6) Thus, #XRP has a market potential of 20 trillion dollars. That will take time!
7) The Bank of London is using X-Current platforms now but still must rely upon fiat management.
7a) According to Garlinghouse, another Central Bank is reviewing. The FED and IMF have reviewed the #XRP systems.
8) Nearly one hundred global financial organizations are using #XCurrents and several have transitioned to #XRapid because they see the value in fiat management cost reductions.
9) Therefore, #XRP will increase in value and demand due to larger settlements in volume over time.
10) #XRP is lumped in with other coins and tokens that affect its price because it is misunderstood.
11) #XRP circulation is controlled by smart contracts and releases will occur in the future based upon demand.
12) At present,#XRP is the only system in the world for the global financial cross-border settlements.
13) Others may have or develop a system but an enormous cost both in tech and energy.
15) Lastly, simple math indicates the token value with all in and max usage to be in excess of $200 per unit.
16) Considering the fiats lost 242 trillion in value the last 5 days, #XRP could potentially reduce risk in the global fiat currency system.
Ok the Finale
All cryptocurrencies are digital assets that can be store of value and can be used for financial transactions. However, in order to realize the asset, it must be ultimately converted to fiat or some other highly recognized form of currency.
#XRP is now recognized on nearly every continent of the planet. The #XCurrent system is becoming a serious #Ripple asset. The #XRapid (XRP) will naturally phase in once the global system sees the enormous cost savings and efficiency gained.
The #Ripple team is working well with regulated industries and should not face any issue regarding closure or censorship.
Disclaimer, I own #Ripple, #BTC, and #Tron as a result of my own due diligence and experience. I am considering XVG but I have not completed by expert due diligence on that system.
This is not a recommendation to buy, sell or hold and is strictly for educational purposes. I am not a paid advertiser in any manner nor do I accept payment for any charts that I generate as information only.
