XRPETH trade ideas
XRP/ETH this weekend trendI'd like someone to comment on te blatant mistake I could have made for this chart. I am not coming from a financial background and I'm mostly testing if I'm finding the correct patterns, or wheter I overlooked very basic indicators.
In this chart I think to see an impulse wave 4-5 after this bullish flag and then a following correction if the macd won't cross again before 24H.
I see less probable a very long flag or a correction much below .00108k in the short term.
XRP Thoughts
Hey guys. I'm not too well versed in price prediction or drawing elliot waves or triangles and what not. But I don't see XRP breaking out until it begins to get closer to 1.70, 1.60.. How I read it, we're still looking at a down trend for the next day or so. Evening out around two days from now. This is more of a "how the public feels about XRP" more than a technical analysis. That and because of how volatile XRP has been with these wild breakouts, everyone wants to wait for that juicy low spot again. And to add salt to the wound, there are still exchange sites either not taking in new users or suffering from over-saturation of users trying to get in on the market. Kraken was down for 2 days, Binance started taking new users again, but I've had friends still struggling to register. I do feel when it does breakout, it should surpass 2.80 and reach 3.50, 3.80. I don't believe the reaching 5.00 hype at the moment. I think 4.00 is more realistic.
If news were to come out again, for sure it would blast off. But i'm not aware of anything yet. Happy trading!
XRP Short term LONG as well as mid term LONGBollinger Bands starting to squeeze, short term and long term flag formation converging on a single support/resistance point, combined with a convergence of the MACD moving averages. In my view, this implies a short term break up to the resistance upper resistance line of the larger flag. The chart also suggests a possible break out in a couple of weeks in accordance with the larger flag.
XRPETH to move into new heightsETHUSD has experience a lot of gain lately and moved into all time high territory. I believe that we will now see a downtrend for Ethereum the next couple of days / weeks.
I think that it will be a good idea to trade XPRETH since it has just bounce back on a major trendline.
Sniping some RippleI saw Ripple "crashing" real-time and knew there would be a sharp bounce.
My target was 0.0022 but it didn't quite hit that order. I placed market orders as I saw it bouncing and caught these prices.
I've been wanting to try this tactic but it requires a lot of attention and luck. Hopefully, this is a good trade. I will likely trade out of most, but keep some to add to my "core".