. Ripple/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the Beginning...
Hello to all traders, investors and other crypto enthusiasts.
Today I am publishing an analysis of the ripple/dollar. From the Polonex exchange because here we can see a long history of the movement of the coin.
If we talk about the chart, we can see a repeating yellow triangle that will be broken by a huge green candlestick up.
First fibonacci level at the...
XRP / BTC TA
Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...
1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI drops...
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. There is a possibility of temporary retracement to suggested support zone (0.0000515 to 0.00004500). if so, traders can set orders based on Price...
XRP is going down to zone 4010 and there is a high chance that there will be a quick turn to the 5000 zone. However, you should sell it here because I believe that in order to really reverse trend, XRP must re-test 4010 zone once again
4010 is still a good buyzone to hold long-term with targets : 6000-8000 as shown
Stoploss whenever XRP is lower than 4000
XRP / BTC TA
It's very clear what's happening in the market a this time. It's either this support in form of trend line will hold and we see strong bounce within next 7 - 12 days or we inevitably crash towards our next demand zone of 4000 sats.
Hi everybody! I've made a detailed TA on draft chart with many explanations, but it is very difficult to read it anyone but me. So I left above just a final of my vision of XRP chart in next weeks. If things goes exactly this way, I'll show in comments all my TA step-by-step.
XRP looks good for entry on firm breakout from downward channel - even an entry when it will be close to the channel wall looks as solid entry
If you're not playing with leverage, manage risk depending on your situation
The development at Ripple has been quite boring lately.
Many have hoped that the trend reversal is coming soon. However, technical analysis still advises caution.
There are still not enough positive indicators. Ripple broke the long term support down. And also the long-term Fibo 0.236.
The next support could be the short-term Fibo (0.236) at 0.00005814. Even...
Ripple showed signs of great bullishness in previous period as starting from 27 cents, made 80cents (which was fib based maximum started from that point).
Mathematicaly justified price of XRP at peak would be 64 cents, nor a cent more. (with presumption of uptrending from 27 cents after long consolidation-January).
However, we had enourmous buys of Ripple these...
Ripple needs to reclaim (daily close) the Upper Range as a support in order to give a signal of continuation of the uptrend. The Sign of Strength and its volume seems real, which makes this pullback more of a retracement rather than a beginning of a new downtrend.
Please let me know if you have any suggestions or any...
Ripple has broked the symmetrical triangle and continue in the downtrend.
Bitcoin dominance is killing all alts and altcoin market is tanked out.
The major support for XRP is 4000-4300 sats.
We may see a bounce back from these levels if Bitcoin goes sideways.