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XRP/USD ANALYSIS (SHORT TERM BEAR MODE)XRP/USD XRP has created a new resistance at $0.23, as you can see on the chart. There was a breakthrough upward, followed by one bounce off this new resistance, then a failed attempt followed on the third attempt. After breaking BELOW the resistance, XRP tried again to break thru and rejected. This is a clear sign, there will be a followed spike down. Volume is also supporting the downtrend as it continues to decrease after each pump. Look for XRP to fall first to recent low T1 at $.2225. If 100 MA breaks, look for T2 at $.22 and T3 at $.216. T3 is a front run of the local support and I do expect a reversal within this green support zone. Look for volume jump and a reversal wick up to flip from short to long. Possible Short Entries: $.227
BITFINEX:XRPUSD
by altchicasignals
XRPUSD After 2 Years RSI Is Oversold Now Ready To Hit $0.31On week chart the Ripple is moving in a falling wedge. The formation of this chart pattern was started in Aug 2018 and now after Aug 2018 this is the price action has hit the support of this wedge in Dec 2019 and with hitting at support of wedge the priceline is also hitting the lower band of Bollinger bands. Now we have some more positive developments in favor of bullish move after hitting the support. As per bitfinex exchange data on week chart the relative strength index (RSI) is entered in oversold zone 1st time since after Sep 2017 and it has just tipped in oversold and indicators and oscillators are turning bullish. For example the Stochastic has given bull cross from oversold and moving average convergence divergence Stochastic has given bull cross from oversold zone and moving average convergence divergence (MACD) has turned weak bearish from strong bearish and also likely to give bull cross very soon. Since Aug 2019 the price action has broken down the $0.31 support now this support is become a key level resistance for the price action of XRP and sofar the priceline is not able to breakout this resistance even after several attempts. Now we have an optimistic situation coz after more than 2 years the RSI on week chart has visited the oversold zone and sudden after this happened all indicators are turning bullish as we have seen earlier if this time the price action will be able to breakout this resistance level then we witness a real powerful bull rally which can lead 1st the price action to hit the previous high and if the previous high level will be broken out then a new highest price level can be achieved. Regards, Atif Akbar (moon333)
BITFINEX:XRPUSDLong
by moon333
XRPUSD formed bullish BAT | A good long opportunityPriceline of world's 3rd largest cryptocurrency Ripple (XRP) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: $0.19305 to $0.19228 Sell between: $0.19490 to $0.19766 So this very short term 2hr chart would be a good long opportunity for XRP day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
BITFINEX:XRPUSDLong
by moon333
1
XRPUSD formed harmonic within harmonic | XRP mid term analysisIn my previous post: We have seen that the price action of Ripple / US Dollar has formed a bullish Crab and so far the price action is still moving within the potential reversal zone of this pattern. This time the priceline has formed a parallel channel within the potential reversal zone of this shark pattern and likely to form a 3rd bottom at the support of this channel: The Indicators and Oscillators: On daily chart the Relative Strength Index (RSI) has entered in oversold zone with the value of 29.45 this is the second time it is visiting the oversold within a month before this it was oversold with the value of 16.86 on 25 Nov 2019 but at that time the bollinger bands was moving steep down and this time the bollinger bands is squeezed and side ways which is a good indication. On 25 Nov the moving average convergence divergence (MACD) was in bear cross and histogram was showing strong bearish trend and this time the MACD is in bull cross and histogram is showing weak bullish trend soon it can be changed to strong bullish trend. The Stochastic is in bear cross and it may visit the oversold once more in the meanwhile the price action can move sideways. Harmonic within harmonic: Now withing this potential reversal zone of previous Crab pattern and in this channel the price action has formed another harmonic pattern and this time it is bullish Gartley pattern now lets see how this pattern is perfectly driven: After intitial leg which is started from 25 Nov's candle stick the A to B leg is retraced between 0.618 to 0.786 then B to C leg is projected between 0.382 to 0.886 projection area of A to B leg (ignoring the spike) then sofar the C to D leg is retraced between 0.618 to 0.786 Fibonacci which is perfect as required for bullish Gartley and now we are in potential reversal zone of this gartley so on bigger pitcure we are in potential reversal zone of bullish Crab pattern where the price action has capacity to take almost 40% bullish move and on smaller picture the price action is in PRZ of bullish Gartley pattern with capacity to take bullish divergence upto 9 percent move. Now according to both patterns we can set our buying and sell targets as below respectively: The bigger Crab pattern: Buy between: $0.23249 to $0.20982 Sell between: $0.25012 to $0.29287 The smaller Gartley pattern: Buy between: 0.21457 to 0.20929 Sell between: 0.21873 to 0.22870 Regards, Atif Akbar (moon333)
BITFINEX:XRPUSDLong
by moon333
Ripple (XRP) Mid Term Analysis | XRP Has Formed Bullish CrabStarted moving in channel: Since 3rd Nov 2019 on 4hr chart the price line of 3rd largest cryptocurrency Ripple had started moving in a down channel and on 7th Nov the price action crossed down the Basis of Bollinger bands and kept moving below the Basis in the meanwhile it was continuously hitting the lower bands of Bollinger bands. At last on 25 Nov a large spike down beyond the lower band support of Bollinger bands hit the channel support which produced a bull bounced and after getting bounced from here the price action crossed up the Basis and also broke out the channel resistance on 27 Nov 2019 and now the Ripple is moving through a price correction period during this period the price action may retest the resistance of channel as support. The oscillators and indicators: We have received strong bullish signals upto 12hr chart but if we see on Day chart then it can be seen that the indicators and oscillators are just turning bullish lets have a look. 1st is we see the moving average convergence divergence (MACD) then it was strong bearish since 1st Nov in the meanwhile it has been fluctuating to weak bearish but that was only for a day but now it has turned weak bearish since last 5 days continuously. The relative strength index is also in oversold zone and Stochastic has given bull cross from oversold zone moreover the price action is getting bounced from the lower bands of Bollinger bands these indications are quite sufficient for confirmation of trend changing from bearish to bullish. The Harmonic Move: Since 23 Oct 2019 the Ripple has started forming a harmonic bullish Crab pattern lets have a look how perfect pattern it can be as per text book information of bullish Crab. After X to A (the initial leg) the B leg is retraced Upto 0.45 Fibonacci whereas per text book information of Crab we need the retracement of B leg between 0.382 to 0.618 Fibonacci and if we see the B to C leg then it should be projected between 0.382 to 0.886 Fibonacci projection of A to B leg and on chart there is little bit spike beyond the 0.886 Fibonacci but it can be ignored coz all other legs are driven perfectly as required for Crab. Now if we see the movement of C to D leg then it should be retraced between 1.27 Fibonacci to 1.618 Fibonacci and on chart the final leg is driven perfect as required and this area from 1.27 to 1.618 Fibonacci is also the potential reversal zone of this bullish Crab pattern and we can take the long position between this area and we can set our sell targets between 0.382 Fibonacci to 0.786 Fibonacci projection of A to D leg, so the buying and sell targets can be as below: Buy between: $0.23249 to $0.20982 Sell between: $0.25012 to $0.29287 So move has potential to give upto 39% profit but if the price action crosses up the 0.786 Fibonacci projection area and complete candle stick closes above that area then it can have more powerful bullish divergence from there and may start more powerful bull rally. Regards, Atif Akbar (moon333)
BITFINEX:XRPUSDLong
by moon333
A breakout can lead the Ripple to achieve all time high priceOn 25 Oct the xrp moved up with massive trade volume of $2,486,979,029 while on 24 Oct it was recorded $1,638,078,551 as per coinmarketcap data. On day chart volume oscillator was showing powerful value of 18.66 and more than 51% volume was increased and strong green bullish candle stick was showing the power of bulls. Lets have a look behind the scenes. If we move back to 2017 the it will be revealed that we have a very strong key resistance level at $0.30. As per Bitfinex chart the Ripple has been struggling below $0.30 from May 2017 to Dec 2017 then it broke out this level on Dec 2017 and accelerated well and achieved all time high price then moved down and has been floating above $0.30 from Aug 2018 to Aug 2019 because the same resistance level was now playing the role of support. Now the priceline has broken down this support and this level is again working as resistance and the price action is struggling below this resistance again for the breakout and on 26th Oct there was a second attempt by the price line to breakout this key resistance, this is also a strong human psychological resistance as it has been always playing active role of resistance and support since 2017. If we look at week chart then it reveals the XRP formed a symmetrical triangle in 2017 and when it came at the end of this triangle a golden cross between exponential moving averages EMA 10 and EMA 20 triggered bullish divergence and compelled the price action to breakout triangle's resistance which led towards all time high price, almost same as like that price line is moving within a triangle but this time the triangle is descending and the price action is almost at end of this triangle and EMA 10 and EMA 20 are likely to form golden cross which can again lead the XRP price to breakout the resistance of triangle and definitely this breakout will also lead the price action to break the $0.30 key resistance level then XRP can again achieve higher than the previous high position. After this break out we can see Ripple leading the top 10 cryptocurrencies in bull rally. Regards, Atif Akbar (moon333)
BITFINEX:XRPUSDLong
by moon333
RIPPLE will give us great Profits, be Sure! Hello, Traders! Monfex is at your service and today we overview XRP/USD. What do you expect from Ripple? Curent price ~$0.257 It is moving in the falling wedge and now near support - buy - accumulation zone. Also XRP has by Stoch RSI two bullish div and going to leave the oversold zone. So we have asume that soon will be good positive movement on this chart! We have key resistance price level ~ $0.266 , there is resistance volume with MA20 by the breakdown of which we also can assume buy position. Active Trade Signal by XRP/USD - Buy below $0.248 - Take profit ~ $0.322 - Stop at $0.218 Share your thoughts, ideas about the market under the chart. Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITSTAMP:XRPUSDLong
by Monfex
4