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WEEKLY XRPUSD ANALYSIS (CONSOLIDATION BEFORE RISE)TECHNICAL: Currently, the pattern shows we are in Level 1, after being confirmed with a break 0.46 USD Cents zone, and is now consolidating before moving upwards towards the next Peak at 0.48 Cents USD. There is a possibility that price action might continue to consolidate downwards towards the KETCHUP (13 EMA), however, if it does that, it will most likely PIN the KETCHUP. In my opinion, the most probable move will consolidate around the MUSTARD (5 EMA) before moving upwards to complete the Level 2 move up to 0.52 cents area. This is before another consolidation down to the 0.48 Cents area, before a massive push upwards towards 0.58 cents, possibly even towards the $1.00+ zone at a later date. FUNDAMENTAL: There are a huge number of reasons why I forecast this... Here are just a few * XRP is now being adopted and prepared to be used by some of the largest Asian banks. The SEC court case does not have any standing with banks within Asia when interbank transfers occur, outside of the USA or its jurisdictions. Thus the sheer volume will push market pressure upwards, once the xRapid/xCurrent service is used in the real market. * COMEX RULE 589 (NO NOTHING TO DO WITH THE 589 EOY 2018 SILLINESS) Directly affects the price of XRP in this context, as it is rumored that XRP will be linked to the price of gold. Rumor or not, it has affected the market somewhat already and continues to do so. * GEOMETRY: We are at the start of a Bull Market, as well as market geometry shows we are about to break out of a major triangle, towards the upside. Usually, breakouts of this magnitude (in the Weekly) will produce spectacular gains TDI shows RSI is also at level 1 position, although we have a current RSI (at time of writing) of 49.82, coming from the lower part of the RSI map, the market has made a particular move which should show a Bounce off the Blood (which is around the same area as the KETCHUP 13 EMA on the chart), in order to complete the Level 1 marker and progress through to the Level 2 move. The move is still currently AFP (Away From Peak), until we get closer to the confirmation peak area, which was previously broken. As RSI is in the 40s area, we can also expect continued push upwards towards 80 RSI in the coming months. Remember this is a Weekly chart, not an hourly or daily. Next chart I will post will be the XRP DAILY, to see if we can get some synergy with both and the overall trend. ########### DISCLAIMER: These are my analysis, my opinion, I give no guarantees and I'm not responsible for any losses that you may occur if you trade this, whether you buy crypto or trade it in the CFD market. If you want to trade this chart, do your own analysis and make sure you have a good money management plan in place. If you want to learn more about trading, here is a good place to start: babypips dot com I generally post my own analysis in BTMM format, although I am proficient in Crypto Patterns, Gartleys, Butterflies, Pattern Trading, Elliott Wave Trading, Pitchfork, Trendline, VSA and Price Action trading, for which I may from time to time post additional analysis including some of these other methods. I don't answer to bullies, trolls or charlatans. If you want to genuinely debate me, post a proper analysis, but don't post a blank chart with words or claim you are a 'WE' and have some magical algorithm or secret, I will not waste my valuable time to answer you. I'm posting this chart here for my own personal record and to share with those that may appreciate it, with the hope that it can help someone better their life. ###########
BITFINEX:XRPUSDLong
by UnknownUnicorn4938033
USD/CHF 4H Bearish HEAD AND SHOULDERS patternThere is a nice level of structure at 1.010. We have seen the hold of that level multiple times back in 2018 and 2017. Following the multiple tests of this level pair has dropped little bit and now we can see it potentially forming Head and Shoulders pattern. Patience. I want to see break and close below the neckline to confirm continuation to downside and then I'll be looking to sell on retest of the neckline using lower time frame to find the best entry price. As usual ATR based stops above the right shoulder of pattern. Trade your plan and good luck in the markets.
Short
by TheDailyTrader_FX
Possible USD/CAD Long Position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12hrs Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.3306 FX:USDCAD Trade Management Entered @ Sign up for our mentoring program Stop Loss @ Sign up for our mentoring program Target 1 @ 1.3306 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
GBP/USD - Short 18/1/19 Sell taken on Friday January 18th after a rejection at the top of daily structure. Potential Daily retrace candle providing insight into next weeks movement. Currently running one position with the anticipation of more selling opportunities back down to the start of the running channel we've seen in the higher timeframe structure. This may be the start of an impulsive leg that I have been forecasting for many weeks prior, all we need now is continuation as confirmation. Hope this gives you all some perspective, have an amazing week! Many opportunities shaping up. - Mark FX:GBPUSD
by MarkHutchinsonOfficial
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