Xrpusdidea
XRPUSD - RIPPLE EFFECT -- UPDATE, MY HUMBLE OPINIONXRPUSD has made moves down. as per my last analysis,
we expected XRPUSD to hit the red line with a possible
move back up. this move is still possible but i feel
we might see it fall a bit more.
With BTCUSD and ETHUSD making major falls in price, i
think we will get one more price break to the downside.
It is important to note that when major moves about to
occur the main movers cause a lot of panic in the market.
the pessimism in the market has caused a lot of people to
panic sell.
anyways if it breaks the red line i would be looking around
xrpusd 0.34057 for next support.
happy trading guys
like, comment and follow
xrpsd - my adviceAS PER LAST UPDATE I NOTED THE POSSIBILITY OF
THIS DROP.
listen, most analyst are rightly giving you their views
on the possible outcomes but the truth is the moves, shapes and character of crypto can be wildly
unpredictable and volatile.
make sure you trade safe, only risk money you
can lose and you'll be ok.
LIKE, FOLLOW AND COMMENT
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Ripple's Market Overview
Hey. Enter long after the breakout or correctional fork, or on the breakdown of the trigger to long. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
XRPUSD (Ripple)1 hour tf analysisPrice action for XRPUSD (Ripple) from open ~$0.46 on April 01, 2018 up to price close of ~$0.55 on April 04,2018 is identified in this analysis as a Minute wave ((a)). A 3 wave (corrective) move back to ~$0.46 i.e. Minute wave ((b)) implies that the entire structure should be a regular flat Elliott wave structure. Minute wave ((c)) is expected to retrace Minute wave (a) by 100%.
Other projections for the likely end of Minute wave ((c)) are 123.6% or 138.2% of wave ((a)), which are ~$0.55 and ~$0.57 respectively.
POI (Point of invalidation) is a price close below $0.46.
Other projections for the likely end of Minute wave (c) are 123.6% or 138.2% of wave (a), which are ~$0.55 and ~$0.57 respectively.
POI (Point of invalidation) is a price close below $0.46
RIPPLE (XRPUSD) 4hr tf analysisMy previous post on XRP can be found here:
Analysis of XRP then called for a minute wave ((y)) back upwards to ~$0.74 for XRP to finish a minor wave 4 position and then collapse for a minute wave ((v)). XRPUSD did not return for minute wave ((y)), but instead continued the sell off.
Price action at the time of this post appears to have completed a minor wave ((v)) which also = termination of minor wave 5. This implies that XRPUSD should sustain its current bullish momentum. A probable target for XRP is the region of the 4th wave of the previous degree ( i.e. minor wave 4) which has been identified in this analysis to be between $0.69 and $0.72.
Ripple approaching support, potential to bounce strongly!XRPUSD is approaching major support at 0.7339 (Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to 0.8320 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2.8% and a corresponding bounce could occur above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple is testing major resistance, potential for a strong drop!XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD's (RIPPLE) struggle continues...short (4hr) tf analysisThe sell off in XRPUSD (Ripple) after it reached a high of ~$3.30 on Jan. 4, 2018 is captured in the chart by the bearish trendline.
The curved light blue line on the chart is used to show the bottoming action in the price of Ripple. This indicates that the price of Ripple will resume a bullish trend or price swing upwards albeit temporarily.
If Ripple fails to hold at its current price of ~$0.89, it could easily sell off to the region of Support 1 (between $0.67 and $0.79). If this fails to hold then Support 2 could likely be tested i.e. price could sell off to about $0.40 - $0.53.
In order to place a buy order, I would like to see Ripple capture the $1.08 area which I have marked as a great POE (Point of Entry) into a bullish trade. In that case, Target area 1 or Target area 2 would be great as areas to take profit.
Target area 1: $1.70 - $1.76
Target area 2: $2.07 - $2.20
In either case, stop loss can be placed just below $0.87 for the IDEAL entry at $1.08. Using this should provide a risk/reward ratio of at least 3:1 with Target area 1 or 2 used as the point to take profit.