Ripple to go down to EUR 0.6Guys, I am novice here... and this is my first post. I see a decline and pennant forming... indicating further fall in short term... to EUR 0.6. What do you think... This is only a short term view... in long term I am very bullish on XRP due to a whole lot of other fundamental (not technical) reasons..
XRPEUR trade ideas
"This is a sucker's rally !"Guys, this rally is welcome, but personally, I don't think this is the one which brings us to ATH... I think the "real" one is for end of year (october/november) to maybe 8 euros ! That's why I will take my benefits this time @ 0.79 or 0.90 and try to buy back on the pink support.
Good luck to all !
Up but not nowThe downtrend (blue resistance) will be hard to break. We need a clear reversal pattern to break it. It's very likely that we go back to 0.45 before the bull run. The inverted head and shoulder will be complete. This right shoulder will let the trader whoses didn't go onboard to do so, and this way, we will have enough power to break the trend.
XRP price reversal!Over the past few months the XRP price seems to have formed a wedge pattern. As the wedge has developed it has emerged as a falling wedge indicating the price reversal will be in the opposite direction to what we have seen recently.
Once the price breaks above the upper trend line it will signal a breakout to a higher price and rally. The wedge has lasted a while, narrowing into a smaller and smaller price area helping with anticipating when then it will eventually breakout.
This could be a chance to make trades before the breakout which seems to be on the horizon over the next 10 days. For the risk averse its better to wait until the actual breakout occurs than to speculate on when it will happen.
Consider taking a long trade, and shy away from short trades.
Remember, this is only my view shared as an idea, and you should trade only on your own reasoning not mine!
Good luck and happy trading ;)
Perfect inverted H&S theoryIf we want to draw a PERFECT inverted head and shoulder, we have to be in 16 days on the 0.5 fib retracement (0.58 euros) to draw the second shoulder, and it's exactly where we will find the big triangle resistance... Hum...
This could be an awesome chart pattern !
(Hope the whales agree)
0.37 Double bottom ? In the case we don't go below the previous bottom 0.37e before tomorrow, and we go back to 0.39 we will find a double bottom and the downtrend will be broken. In that situation, I expect a symmetrical move in the upside direction. Time to FOMO seems near for me.
PS : Excuse my english...