XRP/USDT - Possible Bearish BreakoutHello traders and community, today we will tell ourselves shortly about the situation of XRP/USDT
Trend analysis
- As you can see from the XRP/USDT daily chart, right now we are still moving in bullish ascending triangle (white zone on the chart), but unforunately the price of Ripple started creating bearish breakout for testing new lower prices. That's why as a trader, I recommend to wait for correct signal before opening buy or sell position on this pair. If the price of XRP drops lower than 0,435 price level then we can expect beginning of bearish trend and the price will continue to drop up to 0,37 price level (white line on the chart). As another alternative scenario price of Ripple continue to rise up to 0,56 price level. Resistance level is on 0,5 pricel level, support zone near 0,417 pricel level and global trend stays bullish (but can change if the price drops).
Chart pattern
- Bullish ascending triangle (processing)
- Bearish breakout (processing)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they get closer to each other (Bearish signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Bearish signal in this case)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bearish signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Xrpshort
XRP: It's All Up To BTC NOWGood day to all money makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- Current price movement is heavily dependant on what BTC does next.
- This is just my current idea.
- I am not a financial advisor!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
XRPUSDT, nothing to growth.Hi friends. "Earned Pro" script show big solds from 0.41 to 0.49. I think we will took a big downward trend in near future and target 0.38850 is actually like never before.Levels thanks to X-Lines script. And dont forget to look at my previous idea where we take a bull's target 0.64. Follow me.
next up... xrp to 0.78Looking at the daily chart, the flag is closing and the next resistance looks like it's around 0.78usd. The volume is picking up and looking promising! So, unless BTC has a correction and pulls xrp and other alts down with it I'm expecting a nice rise. Hopefully, we are able to gain some more bullish momentum before that happens. Nice to see that the SEC case hasn't affected the price too much (minus the obvious manipulation and suppression). I actually expected to see a lot of FUD prior to the 22nd but clearly, that isn't happening. Also, congrats to those who are expecting to receive some Spark Flare. The predicted price based on the IOU's is looking amazing!
XRPUSDT, short to 0.38851 after bulls satisfyHi friends. Picture on XRPUSDT chart window are simple with ETH. We have a situation when exchange purchase closings and then all this bulls was satisfy. So its trend revers and we go down to target i market on the chart window. Levels thsnks to X-Lines script. Volume analisys - "Earned Pro". Follow me.
XRP- 20c region needs to be retestedAfter the XRP rally to around 75c it is now time to return back to 20c and retest a counter trendline that was broken upon the upside movement and a weekly ascending trendline, which crosses over perfectly at the price range we are anticipating. In addition, you have a 20c support floor that adds to our confluences.
XRPUSDT, so what is nearest bears goal?Hi friends, i write this idea becouse a quastion about bears target for XRP is actual now. We have a picture when accumulation for short position continue. Exchange continue to sold. Now price come close to strong support level 0.2523 and we can get small growth now. So my strategy is short now (small parts and short from upper price 0.26, 0,265). Target for bears: 0.2371.
Descending Triangle And Ichimoku N Wave In this analysis I see XRP price moving to the downside after a break outside the descending triangle and also finding potential targets with the ichimoku wave theory.
1:1 ratio will take us to 0.21607 which will complete the N wave. Furthest level out would be the E level at the price of 0.17408 if price manages to go that far.
XRPUSD, short continue. Traders are scared now.Hi everybody. So XRPUSDT on the chart and we have agressive sells from exchange side. Nobody want long in this crypto. They too agressive. And i think they will push price down more for some buyers there. I think 0.22 its good price for it. So short continue...
Levels thanks to X-Lines script. Follow me.
XRPUSDT, short after solds above 0.28372 begin.Hi everybody. I want explaine my seen of this situation with XRPUSDT. So we have a good long accumulation some time ago. Then exchange sold big volume of XRP from 0.29 to 0.27. But no big ivesting after that process. Now price start going up from support 0.27483 (transit level) but this purchases not safe for strong long activity. There two ways now the first one its a way when traders start active purchases and exchange will not attempt this. In this variant (1) we can go upper only if 1H candle will close above 0.29614. My opinion 2 way to 0.22 is more real in near future. But there we can gat stop at 0.25 and i will update. Follow me.
XRP ShortHello traders,
When i look at the daily which carry more weight and much more reliable than lower TF i don't think we are done with the selling pressure.
Since November high and this massive sell-off price kept making LH and LL, i know there is a lot of hype & excitement about XRP lately but to me it looks like the last pic we had around 0.37cents was just a LH and most of time we see LL right after.
Again unless we break that previous high or BTC decide otherwise because has everyone should know alts are followers not leaders i believe price will continue downward with potentially a retest of March 2019 low.
If so, price will need to stabilize and produce a setup, followed by a confirmation before we take on any new risk for a swing trade!
Thank you and take care!