XRP Bullish PennantUpdate:
We fell out the bear flag, successful short, however that leg is finished for now having a solid bounce from 0.53ish
The next move is around this pennant
We either break upwards which could send us to re-test the most recent high of 0.80, or we fall out the bottom and create a huge descending triangle with the major level 0.46 as the bottom line
From that we could move either way also, but most likely up due to the current fundamental strength!
If we loose the pennant I may look to close some positions and anticipate we drop to around 0.46 where I would re-enter!
#bullorbear
Xrpusdshort
XRP will make the decision on next major move soon!For the bullish perspective, it has broken 1 of thje 2 trend lines down form 0.8
However if you include the wick up from the most recent high, it hasn't broke out
If this was to break, should be an impulsive move upwards, remember to reduce risk trade most capital on a restest
From the bearish side, it is just being supported by the bottom line of a huge bear flag
If this breaks successfully, we could see impulsive downside to around 0.4
However there is very strong horizontal regions, particularly 0.56-0.58 which forms the bottom of this range
I haven't caught any divergences yet, but if one forms soon could assist the momentum for the next move!
RIPPLE Short term minor fall back was expected towards 0.50000XRPUSD
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⏳30 Mins chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ 0.80000 Acted as strong resistance-Key psychological level
2️⃣ Rising wedge pattern
3️⃣ positive risk sentiment, Vaccine news
4️⃣ 0.60000 Dynamic support and resistance
5️⃣ Strong demand for crypto's (Bircoin,Ripple,Tether,Etherium etc.,)
6️⃣ 50% Fibonacci around 0.62500
7️⃣ Technical support - short term bearish
8️⃣ 0.50000 will acted as key reversal-Bullish
9️⃣ Previous week low-Immediate resistance-Alternative bullish entry
🔟 Break and retest of the Rising wedge structure happened
#️⃣ Overall trend- bullish
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📉 Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50,200 Exponential moving average will act as support-Bear
Ichimoku cloud -cloud is still red-Middle line supports bearish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band
Relative strength index - Felled below 50 - Bearish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 20- oversold condition will give a short term pull back expected
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Key reversal area's
0.80000 psychological level
0.61675 Point of control area Volume analysis
0.79000 Nov month high
0.62480 50% Fibonacci retracement level
0.55450 Minor resistance level
0.60530 Possible entry- Bear
0.50000 Trendline resistance/Alternative bullish entry
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Bearish entry #ripple #xrpusd
Entry price - 0.62540
Take profit 01 - 0.55450
Take profit 02 - 0.50200
🚫 Stop lose 0.63900
⬇️ 17.12% Drop expected
⤴️ Account growth 5.7: 17.1
✅ Risk reward ratio 1 : 3
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XRP 9/17/2018-9/21/2018 vs 11/19/2020-11/23/2020 Pump and Dump Not going to poop on anyone's parade but last time on 9/17/2018 XRP ran up from ~.26 to .78 in 4 days or whatever and everyone almost pooped their pants that bull market is back....well looks like same shit now different year. 11/19/2020 from about .26 to .78 in 4 days again. Same shit different timeframe but everyone including me with your grandma on my lap is looking for the moon. All you mooners hoping for $1.00 - dump this shit coin now. Or hold. My ANALitical skills telling me we have a 50% chance of going up or 50% of going down.
on the other hand, we can all kneel down and pray for the return of 2017 like bull run. If it happens - great. But better be greedy and take your profits vs sit HODL like a chicken on an egg. Eventually you will either grow a hernia on your ass or it will moon. Even the so called "legendary" Peter Brandt said XRP is done at .16 when this bitch ran up to .78 against his ANALisys. So STOP reading these nonsense posts and voodoo charts. No one knows shit.
Analysis XRPUSDsell range: 0.86906
Targets: 0.78939- 0.70972- 0.63005
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.94873)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.86906(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
XRP to $1 !!!!I was just saying to someone yesterday that $1 XRP isn't going to happen this time round but looking at current price action it's looking very likely. If we break and close above this wedge then the blue highlighted zones are where I think price can go to and reverse from. Overall bias is short but just catching the movements in between.
If we can't break then it will be dump time
XRP/USD: SHORTXRP could dip back into 22 cents, I saw a bearish triangle on the daily timeframe, price is also at a key level and every time price as reached this level it touched the bottom of the blue section. There was a head and shoulder that formed but price reached a pivot point and turned around so I don't think price will move up from that. Also on the hour time frame there is two back to back bearish triangles.
Let me know what you guys think! leave a like if you agree
XRP - 4 Hour My Thoughts - Short Term Bearish? Hello Andrew here, Short Term, Bearish Bullish, not really expecting much sideways movement so i placed Neutral last. So the Bearish Bullish call can go either way, which ever way it goes, it's going to be a pretty good pump or dump. Although I'm calling Bearish in the short term, I'm actually thinking Bullish after we bounce from the bottom of the channel. If we breakout of the channel top, watch for volume, if no volume wait for the bounce.
SHORT TERM: Bearish
MID TERM: Bearish Bullish
LONG TERM: Bullish
I am not an investment adviser...
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I'm I right or Died Wrong?
XRP: Showing Signs of Strength! - Buying Opportunity SpottedHere we talk strictly from a Fibonacci sequence and trend line support perspective in terms of technical analysis. Although we don't advise looking into alts due to the bumpy ride of Bitcoin, we love larger picture time frames to get the overall view of the market.
Risk reward ratio (RRR), support line higher lows, and our strong bounce off of the 618 immediate sequence gives us an opportunity to open a long here.
If the market shows its strength in the coming weeks, we may see XRP show signs of revitalization in the market, bringing this 'dinosaur' alt back to life.
We can open a position based on the red-green boxes, with our stop loss in mind which is wider than expected. The reward is large here, especially if leveraged in slowly.
Trade Safe!
X Force