CapMoore

CapMoore Mar 6, 2018

Bulls may be slightly nervous about price being unable to take out the Jan 28 & Feb 20 highs. Still as long as price holds above the channel the outlook is bullish. Also price hasn't yet retested the Cloud after the breakout on March 1. The bearish divergence seen by the recent top, finally resulted in a move down. If we see support by the Weekly pp and a...

CapMoore Mar 5, 2018

Ripple has made a move up and traded the Weekly R1 at 1.08. Currently its retracing some of that. We can see a massive Cloud ahead of price and we are also starting to see a slight pinching in the projected Cloud. The Monthly pivot point at 0.89 has given good support and the MACD indicator has turned bullish again. Because of the large resistance of the Cloud...

CapMoore Updated  Mar 4, 2018

Price has hit the 9200-500 solid resistance and is currently showing some signs of weakness, especially on the H4 timeframe were we see bearish divergence. Still, I think the close yesterday above the Feb 20 close showed determination from Bulls. Next weeks new weekly pivots will give more guidance as of supports below, but in general, price should not close...

CapMoore Mar 4, 2018

Price is trading inside the Cloud in neutral territory. From a Ichimoku perspective, with slightly higher highs/lows, it may be waiting for a bullish Cloud twist, before making a real breakout attempt to the upside. Ofcourse, Bulls may worry that price has moved below the Weekly pivot point at 122, but we do see the yet untraded Monthly pivot point at 114.5 which...

CapMoore Mar 2, 2018

Price has broken above the long term bearish channel and entered the Cloud on the daily timeframe. Right now it is facing the Weekly R1 pivot at 11160. The red line marks the important 61,8 fib on daily tf, which has previously acted resistance. The trend has shifted from bearish to neutral on daily tf and here on the H4 chart trend is bullish with a bullish twist...

CapMoore Mar 1, 2018

Ripple has been consolidating in bearish territory for a week by the Monthly pivot point at 0.89 and has oscillated up to the 0.97 S/R level. Bulls would like to see a break of this pattern and a close above the Weekly pp at 0.96 which could open up for a pop towards the Weekly R1 at 1.07. Above that are the pivot confluence at 1.22-24 (Monthly R1/Weekly R2) and...

CapMoore Mar 1, 2018

Price has broken above the channel and ran into the Cloud resistance at 140. Natural price action would see a retest of the broken channel which we are now seeing. The bearish projected Cloud will add resistance by the upper Cloud. Still, we have a higher high in place and thus the bias is to the upside, even if it seems like its not ready to make...

CapMoore Mar 1, 2018

Price has come down after a first test of the Cloud on the daily timeframe, which was expected. Some slight bullish divergence on the H1 chart, give Bulls some hope for another test, which perhaps could be more succesful. A close above 11000 could take price higher. A daily close above the Weekly R1 at 11160 would also be bullish. But as a first step, price...

CapMoore Feb 27, 2018

Bulls are looking for a daily close above 11500 today which would create a channel break and piercing of several resistances around this level. This could finally take price to the yet untraded Monthly pivot point at 12200. This would also shift the trend from bearish to neutral. The MACD indicator bounced instead of crossed and is right now looking higher again....

CapMoore Updated  Feb 27, 2018

Ripple is one of the hardest hit major cryptocurrencies of the early Jan Bear move. If you count the loss in % from the high Jan 4 to the low Feb 6 it lost 83% of its value. And that is a move that has to be considered a crash. Hence, we have seen more sluggish recovery afterwards compared to other major cryptos. Trend both on daily and H4 timeframe is...

CapMoore Feb 27, 2018

Daily trend is neutral as price is moving sideways inside the Cloud. On this timeframe, something similar is going on but overnigth we saw some attempts to establish above the Cloud and the Weekly pivot point at 218. Bulls would like to see a close above the daily pp at 221.5 which could take price up to the R1 and previous high at 228. They don't want to see a...

CapMoore Feb 27, 2018

Price has advanced inside the Cloud and broken above a wide descending channel. Currently the projected Cloud is still bearish which normally will add resistance and make a breakout less likely to succed at a first attempt. But because of the channel break we still might see a breakout from here. Some minor resistance is just below 150 and then we have the 170 top...

CapMoore Feb 26, 2018

History doesn't predict the future, but it may affect probabilities. I wanted to point out a pattern that is visible on the Chaikin oscillator in relation to price action. If we go back in time and look at the times the Chaikin has dropped down to -10000 or below, it has marked a low that hasn't been traded afterwards, that is a higher low. One exception, on the...

CapMoore Feb 24, 2018

Yesterday price found support by the Weekly pivot point at 9930 and it also broke the tendency with lower highs, lower lows and broke above the descending channel. It came back down for a retest, which is perfectly normal price action and has now advanced to the upper Cloud and the daily R1 pivot at 10510. We can see that there is a Cloud twist brewing. Also...

CapMoore Feb 23, 2018

Price has fallen rather sharply after the test of the Weekly R1 at 11800, a level which aligned with a longer term trendline seen on the chart. Traders who wants to get in and wonders what to look for, one thing can be a break of the descending channel that has been formed on the hourly chart. Currently price is advancing back up above the Weekly pivot point and...

CapMoore Feb 22, 2018

Price did reach the Weekly R1 after which it put in a shooting star candle and the next day we saw price complete the pattern, but it is untriggered until a close below the 10256. Either way the pattern should ideally sit at the top but now its more in a sideways configuration, which makes me think its more of a retracement from the proximity of the 12000...

CapMoore Feb 21, 2018

Price has not yet closed below the Cloud, even during the big crypto sell off in early feb. On feb 11 it managed to close above the lower Cloud and is since in a consolidation within it. Today we can see a pinbar right at the Weekly pivot point and if it close above that level, 121.40, we might see another attempt to pierce the Cloud to the upside. The projected...

CapMoore Feb 20, 2018

Price just broke above the Cloud with a sharp move and has reached the Weekly R1 at 250. Above is the Monthly R1 at 267 and then a minor Resistance level at 305 below the all time high at 375. The breakout is a bit premature, looking at the projected Cloud which is bearish, so we might see a pullback before continuation up. Another scenario is a very strong...