XRPUSD - NEXT UPDATEthere seems to be an uptrend coming. watch out thou
if it breaks bottom, then we might see this drop down
also Stoch RSI is recovering from oversold, so we
could see this particular push up
Xrpusdsell
ripple :(Bear flag formed in ripple..
This is a risky trade..we are in the middle of a movement,it can goes up or down..we think that the retrace it's not ended
//TRADE WITH CARE//
//MAKE YOUR OWN ANALYSIS BEFORE YOU SET A POSSITION//
XRP/USDIf we will break line 0.48$ down I think it will be like M - pattern and it can goes down to first target 0.38$ and second target 0.32$.
Ripple (XRP):3 crucial info. to keep in mindThe 1 hour timeframe chart of Ripple (XRPUSD) is shown in this analysis from June 4 till present date. The numbered annotations on the chart are discussed below:
(1) Price action from June 29 till date is considered here to be in a rectangle bottom that is bullish (albeit not 100% of the time), with Ripple (XRPUSD) forming the top of the chart pattern between July 3, 2018 and a Head and shoulder pattern (July 17 to July 18, 2018) forming the second pivot used for the top of the rectangle bottom.
June 29 and July 12, 2018 are pivots used to connect the bottom of the pattern. Price closing below ~$0.43 invalidates the pattern, and implies more bearish action in Ripple (XRPUSD).
(2) Width of the rectangle bottom that can be used for projection on a breakout above the rectangle bottom, and even should price invalidates the chart pattern and closes below it. A breakout above the triangle for example could see Ripple target ~$0.61 by projecting the width directly above the breakout point (assumed here to be $0.52).
(3) Current bullish price channel developing on the 1 hour timeframe since July 20, 2018. It is important to pay attention to the price channel as a break below it could trigger selling, while closure outside the channel could see price return to the top of the rectangle bottom.
The current market action (rectangle bottom) is contained within Ripple’s massive descending triangle mentioned in my previous post, so it is important to keep the bigger picture in mind and also remember that chart patterns can nest inside one another. Therefore understanding what the big picture is for Ripple (XRPUSD) is an absolute must.
Ripple (XRPUSD)'s descending trianglePrice action for Ripple (XRPUSD) is captured in this analysis from February 29, 2018 till date with a descending triangle. This chart pattern is bearish (sell), albeit not 100% of the time.
Key price levels to take note of for Ripple (XRPUSD) are the following (approximated to 2 decimal places).
- $0.77
- $0.46 and $0.35
- $0.60
The relative strength index (RSI) as shown here suggests that bearish momentum has run out. A less conservative entry into a long (buy) position involves buying as soon as Ripple (XRPUSD) closes above ~$0.60 in anticipation of a breakout above the sloping line of the descending triangle.
$0.77 is used in this analysis to indicate a potential price level to initiate a long position should Ripple (XRPUSD) break outside of the chart pattern. The vertical red arrow indicates the width of the pattern which can be used to estimate the point to take profit if the risk/reward is satisfactory.
On the other hand, $0.46 and $0.35 mark the major support level for Ripple (XRPUSD) and break below $0.35 could see the price of Ripple (XRPUSD) go down a lot further with $0 even been a possibility.
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.
XRPUSD - SETUP - WEEKLY CONTINUATION - 22 JUNEWELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong bearish Impulse after taking out 0.55 Key Level and break below previous week lows
DAILY
Over 7% drop Today indicating strong bearish pressure
WEEKLY
Overall Bearish but slowing down
LEVELS
SHORT @ 0.49440
SL @ 0.51369
TP1 @ 0.47494
TP2 @ 0.46538
TP3 @ 0.45602
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
XRPUSD - SETUP - WEEKLY CONTINUATION - 28 MAYWELCOME TO DACAPITAL TRADING!!
XRPUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bearish closure below previous week low, slow price movement don´t like this one..
DAILY
Melting daily candle with a very strong closure and new low formed
WEEKLY
Overall very bullish last 4 weeks following this break
LEVELS
SHORT @ 0.57097
SL @ 0.58308
TP1 @ 0.55887
TP2 @ 0.55186
TP3 @ 0.54612
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
XRP can possibly slump to 0,5530 cent based on this patternWe are currently in a downtrend on XRP
The price is shaping a range and downward wedge, which can mean a bullish breakout.
But as this is on the 4H chart and lower.
More likely is a same extension leg size down into support of the bigger wedge.
Before we bounce up.
