Xrparmy
XRPBTC 3-Day Entry Zones
3 day chart shows a clear ichimoku cloud acting as resistance from XRP rising against BTC. Blue boxes indicate entry positions for XRP with a 200% upside potential to previous levels.
Price is currently testing significant long-tern support level. A break below could see price drop to the next major support level at 33% drop.
XRPAs you know, I have been doing analytics and watching market tenders in TradingView for a long time.
These days I've seen the first good growth signal in the XRPBTC pair that continues for now, but we also remain near the bottom.
Today I want to show a long-term chart of XRPUSD.
As you can see, I made the same resistance lines as in the first correction in 2015, and after breaking through the main resistance line we adjusted and then went to update the global highs on the left side of the chart.
A little to the right in the chart, we see a similar situation when after a breakout through the resistance line, XRP moved above it in correction and testing mode. Now we are starting to grow.
Let’s have a look at how the coin will behave itself.
If something happened in the past, it is not necessary to happen in the future.
I am neither a moon boy and not in the Ripple army. I made this chart for those people who like this project.
Dear followers, the best "Thank you" will be your likes and comments!
Best regards, EXCAVO
Descending triangle broke down on XRPFancy #technicalanalysis techniques such as #Elliottwave are certainly very nice and helpful in some circumstances.
However, one should never neglect the power of something as basic as #trendlines.
Here on XRP, trendlines were giving us 3 big warnings:
1) Rising wedge = bearish pattern
2) Horizontal resistance at $0.202, giving confluence with the wedge to find the top.
3) Descending triangle, another bearish pattern, which typically breaks to the downside.
Now, this descending triangle broke to the downside as expected.
I will keep a bearish 🐻 bias until proven wrong, which means: as long as we remain below 0.182.
I will reassess if we get a 4 hours closes above this level
<=> If previous support fails to be turned into resistance.
XRP MidtermI was looking at the XRPUSDT chart, looks interesting but first we should see that " Does XRP realy can hold this level?" ,
So there is some good news about the XRP and Ripple company, We will hear more news about this company.
Still i don't see any huge volume in the low levels of price and so This can mean that there is no interest for whales to be an investor of XRP.
XRP can go a little bit more deep, but it's bullish in the mid-term and long-term
XRP 4hrAre we seeing a Classic Break and Re-Test here? i'm going to wait here and see if we break out and close above (0.2475-0.25) and would Long from there and have a nice stop/loss in the .21 area and the first area of profit taking could occur near .265 if we break through this area as i anticipate we will, then we can see a re-test of .28, .30 and then eventually creating a new high above .35!
And for my bearish stance, i'm not expecting such a big move further down, however if we do.... then the following could occur
if we do break down our last standing support here we could also possibly see a free fall to the .17 area, that would quickly get eaten up by the Bulls and run wild to a New ATH! XRP #XRPARMY
I am newer and am open to ideas on how i can get better as a trader and analyst, what other indicators are you using and whats the specs to that specific one? Also If you disagree please let me know why and show me where i can get better and prepare myself for the worse? all feedback will be appreciated and responded too!
XRP: Strange Elliot Wave and Possible Buy-in OpportunityIf we look at our 30-min chart, we can see that the price has broken out of the key level of resistance. We want to see if this bullish sentiment is sustained to determine our next buy-in opportunity.
I noted that the ABC correction looked like it was going to be a classic textbook 535 zigzag in one of my previous analyses on XRP, but I've found that the final C wave is skewed by the overwhelming upward momentum that is apparent in the daily and our 30-min is suggesting a possibility that the C wave has finished and that the beginning of the next progressive wave is upon us. I understand that the C wave can be seen as "invalid" by zealot Ellioticians (because the fourth wave went past the first), but if you look closely, you can see that the buyers are clearly beating the sellers, which is causing the C wave to become skewed, as it forms the lavender triangle and the price is shot out of the apex and above the key level of resistance that has held down the dominant ABC wave. The 30-min's ichimoku cloud indicators are supporting this hypothesis, but we should be careful and patient just in case my hypothesis is incorrect and the price is rejected by the grander downward force that is projected by the ABC wave. The daily is still bullish, the 30-min is bullish, but the 4-hour has the possibility of becoming bullish over the next one to two days, as we should keep our eyes on the lagging span to see if it moves into a bullish position (and then watch out for a TK Cross) so that we can determine if this is actually the end of the correction and so that we can set ourselves up for the next progressive wave and make a well-informed decision regarding when to buy-in.
If my hypothesis is proved correct, I suggest buying in at the second wave of the next progressive wave since this is the only buy-in opportunity in the immediate future that is the most well-informed.
I hope this helps and happy trading!
-LB
XRP: End of C ApproachingIt seems as though the third wave down has started. I am utilizing my yellow and green support lines to help guide my corrective wave so that I can determine a proper buy-in. I am assuming that the C wave will finish off within this boundary.
You all should be on your toes and look to the IC indicators as a tool for gauging the momentum downwards. It will help you determine whether or not if there is any more room to go past my support lines so that you can find a proper buy-in.
Either way, this should be an exciting couple of days.
Happy Trading!
-LB