XRPUSD Aug 2022 W.1: Medium-term trend!Hi friends, I hope y'all had a fantastic weekend ;)
Today, we're looking at a bullish counter-trend signal that's derived on the monthly time frame. If you look at the monthly, you'll see that the price closed with a bullish reversal candle pattern that represents the huge double tops accumulation phase. The patterns neckline was previous bearish broken and not retested together with other key levels. Usually, when the price broke and didn't retest key levels and closes with a reversal candle pattern that faces the targets. it trends or counter-trend to them. With that said, let us take a look at how the bulls and bears will trigger our trade and dis-confirm it.
Bull: -If the price bearish spikes the 50 and 8 m.a's with a bullish reversal candle that's followed by a bullish break and retest of the Mini Weekly Neckline, that would trigger our trade and confirm the monthly's counter-trend signal. I call this type of trade signal a "Double Bottom B-E.2".
Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the 4H Neckline 3 together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade, and we'll wait for another set-up.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
Xrpusdsignal
XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A complete review of the popular Ripple currency in Elliott stylAccording to the complete review I did on the previous rising trend, I came to the conclusion that this rise was done during a complete wave (ABC).
as a result :
We have to wait for the completion of a full 5 waves.
According to my research, we are now in wave 3 of decline.
Wave 3 itself is an extended wave and 5 waves, which has already completed 3 waves out of 5 waves and we are currently making wave 4 from wave 3.
This wave is erosive and with many fluctuations.
Wave 4 itself moves in the form of (ABC), which is currently being created as wave (A).
Make the most of the fluctuations of this wave.
Note: This trend is a trend (ND.A), so if you use Fibonacci, the safest level to take the price floor is 50%.
In this trend model, we see high volatility and large price shadows, so if you use 50% fibo, set your loss limit to 83%.
(be successful and profitable)
XRP Buy a break of pivotal value.XRP - Intraday - We look to Buy a break of 0.3374 (stop at 0.3288)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Short term momentum is bullish.
0.3362 has been pivotal.
0.3372 has been pivotal.
A break of 0.3372 is needed to confirm follow through bullish momentum.
Our profit targets will be 0.3619 and 0.3719
Resistance: 0.3370 / 0.3500 / 0.3600
Support: 0.3200 / 0.3100 / 0.3060
XRP: Can recent bullish momentum last?!XRP
Intraday - We look to Buy at 0.3771 (stop at 0.3658)
Support is located at 0.3800 and should stem dips to this area. 0.3755 has been pivotal. We are trading at oversold extremes. We look for a temporary move lower.
Our profit targets will be 0.4048 and 0.4098
Resistance: 0.4100 / 0.4250 / 0.4400
Support: 0.3900 / 0.3800 / 0.3700
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XRP Bullish...XRP has been in a downward trend since topping on 14th April 2021, and have been expecting to get into the bluebox since the beginning of the year(2022) and now we are there, and still expecting to go lower!
That top(14 April) marked a decline in a 7 swing sequence which has been in play and is about to end. What I see currently is a push to the upside to about $0.51, which completes wave 4 in the orange colour degree of which we will see the price moving lower to break the May 12, low ($0.33). I am expecting price to reach about $0.25 which is the bottom of the channel trendline containing a zig zag structure completing our (5th wave in orange, & also (y) in blue; and also our(Y) in the white degree and in-turn our wave (ii) in purple. Only then can we expect price to push up higher to new highs. Understanding wave degrees is the primary key to know which direction price will take especially in such a corrective Instrument which has been held up by the SEC lawsuit.
Alternative View....!
On this Instrument, the alternative will come in play if price breaks below $0.11, otherwise there isn't much of a downside possibility, (Take with Caution!)
NOTE: I would love to see the 5th wave that will break the May 12, ($0.33) moving impulsively to the downside( a spike) to show exhaustion.
Price could also turn from were it is currently with the most important thing it has to do is break the May 12, 2022 low.
Target:
1st at $3.00 (conservative)
2nd at $13.00
3rd at $120.00
If however you are a XRP holder like me I wouldn't Shy away a Price of $9700, its a very plausible target...
XRP formed big bullish Gartley for upto 870% huge moveHi dear friends, hope you are well and welcome to the new trade setup of XRP.
On a monthly time frame, XRP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XRPUSD Short-term trade signal!Hi friends, I hope y'all having a profitable week ;)
Today, we've got two weekly counter-trend bullish signals on top of the long-term trend bearish signal that we took a trade on the first week of May 2022. We still going to hold the long-term trade till we get an exit signal that will trigger once the price has bullish broke and closed above the 1st Weekly Key Lvl and 8 m.a. The counter-trend trade we aiming to take, will probably end on the long-term trades exit key level. So we kind off looking to breakeven in some way here. Now lets take a look at how the bulls and bears will behave in triggering the 2 trades and dis-confirming them.
Bulls: -The price may bullish rally to the last take profit point - probably after it has bearish bounced off the Mini Daily Half a Neckline/4H Neckline 2 and 8 (dark blue) m.a (1st signal) to bullish breaking and retesting the Mini 4H Half a Bat Neckline (2nd signal) . That will trigger what I call a Double Bottom C-E.1 & E.2 signal.
Bears: The price will dis-confirm the rally - probably after it has formed a bearish reversal pattern that will drop the price to bearish and retest the 4H Neckline together with the 50 (light blue) and bearish crossed (dark blue and red) m.a's.
That's its. I hope you found value in this. If you have a different view, feel free to share it in the comments section. I'd love to know your thoughts!
Stay Blessed,
Doji-2K1