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Xrpusdshort

XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.3146 (horizontal overlap support, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3458 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (34) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
6
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.2901 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement, descending resistance line) and a strong drop might occur below this level pushing price down to our major support at 2.2687 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.27613 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2539 (horizontal swing low support, 100% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
2
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3113 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2743 (horizontal swing low support, 78.6% Fibonacci retracement). RSI (89) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3113 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2743 (horizontal swing low support, 78.6% Fibonacci retracement). RSI (89) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.3131 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3495 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce!XRPUSD is approaching our support at 0.3349 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3499 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is approaching support where a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
1
XRPUSD approaching support, potential bounce!XRPUSD is approaching our support at 0.3097 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3512 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is approaching support where a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3512 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.3108 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) Stochastic (34,5,3) is approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
3
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3125 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3507 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
Update on Daily and 4hourly chart (XRPUSD,XRPBTC,XRPUSDSHORTS)Hello everyone So today an update XRP price-action. We’re going to have a look at the daily and 4HR chart, the XRPBTC chart and finish it off with the XRPUSDSHORTS chart, let’s get straight in to this! XRPUSD (D) -So if we have a look at the daily chart we can immediately see that we’re still locked in our downtrend since April. Because of the recent green days for XRP, we almost broke these major resistance-line, that would be a huge deal! (yellow lines) -I’m still looking at this major support-zone between 0.20-0.24, this is for me the buy-zone right now. I don’t think that XRP is overvalued at this moment, I even think XRP is undervalued but I don’t feel comfortable to create a long position on XRP at these price-ranges at the moment. (BTC-ETF news). -The main resistance-lines I’m watching are at 0.37, 0.46 and 0.70. 0.70 is a major resistance line if you ask me, the other two I don’t worry about too much. -Risk/reward: so worst case scenario: we go down to the buy-zone, would be a decrease of 37%. If we go up, the first two resistance lines stand on 14 and 37% up, the biggest one at 113%. Again I’m not trading this. This isn’t an interesting trade if you ask me. Nevertheless I like the XRP tech and I’m bullish on the project, but short term I am not trading this. -Another interesting indicator I use: Ribbon. (for those who don’t know: this shows us 8 moving averages and are a huge resistance line, if the lines come together, this could indicate a trendreversal). So we can see that in our case the Ribbon has proven its strength, we’ve bounced all the time, if we want to break this ribbon, we’re going to need a big buy candle with very big volume! XRPUSD (4hr) -So this pattern could possibly be a cup and handle or a bull flag, either way it’s good news. If it is a bull flag, we can point our target at 0.43 which is perfect on our first resistance line. (for those who don’t know: the target of a bull flag is mostly of the time as big as the handle of the flag. XRPBTC -no major news here, we can see that we’ve been rejected at the first Fibonacci level, I think that we will go down to the yellow box. (very strong support) - I read that a lot of people think that XRPBTC is going back down to 0.00001 (November lows) again I would be really surprised if that’s the case. BTC-dominance is now over 52% and I just don’t see that happening at all. XRPUSDSHORTS -This chart is very interesting! We can see that we’ve been up again! I think that we have still a small way to go there. BUT if we hit our new target then we just have so much energy to push the price higher, it would be insane! This shortsqueeze could be huge! ( if you want a long position in XRP, def watching this chart!) Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:XRPUSDLong
by cheynos
1
We're falling into the buy-zone,Update(XRPUSD/BTC (daily/hourly)Hello everyone Today I’m doing a small update on Ripple. We’re going to have a look at the daily and Hourly chart to start off, then the XRPBTC chard and we’re going to finish with the XRPUSDLONGS/SHORTS charts. Let’s get straight in to this! Daily -You don’t have to be a TA expert to see this blood bath in ripple, the scary thing is that we’re creating new lows since January. So the first thing we have to look before speaking about a trend reversal is searching for a higher low! If we don’t create a higher low, we will keep going down. -I think that we will go down to around 0.16 if we follow the downwards trendline. That level is for me the buy-zone. Everything between the 0.16 and 0.20 is buy-zone. I expect a bounce off the downwards trendline to our first resistance at 0.40. if we got rejected at that level and bounce off, that would be very healthy. If we bounce off the 0.40 and create a higher low, I would be extremely bullish on Ripple. -RSI is extremely oversold. Last time we saw an oversold RSI for ripple was back in March, then we saw a 106% uprun. Hourly -The hourly is not so bullish, we can expect a short downtrend. We’re creating a bear flag at the moment, if the 4th bear flag is confirmed, than we could go down to 0.16. - XRPBTC -We can see a huge support level at 0.00003485. I’m expecting a bounce at that level. Many people say that they expect XRP to go back down to our first support at 0.00001000. In my opinion that won’t happen. I’m not bullish on BTC at the moment and ripple is falling in to a buyzone with very strong support. Ripple has had a way bigger correction than BTC aswell. I’m expecting ripple to go down another 5 a 10%. If we go back down to 0.20, XRP will outperform BTC if you ask me. (i'm very bullish for BTC long term) Extra -another great thing to see is the XRPUSDLONGS and XRPUSDSHORTS. A graph that shows how many people are going short and long on bitfinex. We can clearly see a trend reversal in both charts. The RSI is ideal for both charts aswell, maybe price will follow. Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:XRPUSDLong
by cheynos
4
XRPUSD Approaching Support, Potential Bounce! XRPUSD is approaching our first support at 0.4245 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.4573 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our short-term descending resistance line might provide the bullish acceleration to our major resistance target. Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
BITFINEX:XRPUSDLong
by FXTM_ForexTime
RIPPLE - SHORT TERM TRADING PLAN, IMPORTANT LEVELS TO LOOK AT! With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin . We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns since they won't come into fruition. So, i am trading raw just via using swing highs, lows, supports and resistances. I have marked everything on my chart, you can check it carefully. Please take care to use indicators such as RSI and MACD while trading using these parallels. I have not marked them on this since this chart can be used to trade in both directions i.e. long and short. So, marking just overbought/oversold doesn't make sense. Ripple rebounded strongly from the critical support level few days back and is now moving between the marked parallels. If the bulls are able to push it, then it may reach the intermediate resistance level from where it may come back down. If it break above the resistance level then there is plenty of room to grow. Alternatively, if it falls back down then the critical support level should hold. If it doesn't, then things are gonna get pretty ugly for ripple. I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
XRP - Buy vs SellJust for my record... looks interesting. Any comment or idea if you see or think or whatever something, welcome. USD Longs rising, looks it has a very strong support BTC Longs steady and trying to push up, maybe bouncing over some kind of support. Shorts (BTC and USD) seems to be hiting with a roof... Seems they have never been very significant against Long. (?) Longs are greater than Shorts in the respective pairs. I should compare the sum of Longs vs sum of Shorts... And chart the difference of them. But ... i dont know anything. This is pure Psychedelic ART. lol Original Chart belong to XRPBTC Longs (blue) so indicators are referred to it. The 4 charts are scaled so you are seeing how they really look comparing each others in terms of positions (volume). -CJ-
BITFINEX:XRPBTCLONGS
by CristoJaraba
8