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XRPUSD trade ideas

XRP Short Term Trend The trend lines in blue are for a the short term trend, and the trend lines in red are for the shorter terms trend. We see a a wedge created by the short term trend, and the point of the wedge XRP shot below the bottom trend line and sustained for over 5 sessions, confirming the down trend. The shorter trend shows downward parallel channels, meaning XRP could be trading sideways or downward for the next day or two before being able to break over current resistance. In the shorter term trend, resistance is at $1.20 and support at $1.03. MACD at the same level when XRP hit a lower low, indicative of the same difference between moving averages even at a lower level, meaning the 5 day average has gotten lower and hitting resistance becomes more likely. Likely breakout for XRP to be seen within 3-4 days. Huge breakouts are highly co-related with large increases in volume, especially for XRP. Keep a check on RSI, Volume, and Money flow index (if necessary) . Buy price between $1.1-1.2 if market doesn't go into a corrective mode, below $1 if the bottom trend is broken.
BITFINEX:XRPUSDLong
by liccmydebt
XRP possibly read to take offXRP wedge is bullish on 15 minute charts. Each of the arrows represent a point at which XRP did a WXY, where W goes on an uptrend, Xcomes down for a slight correction, and Y zooms upwards. At each of the point with an arrow, XRP followed this correctional wave and uptrend. Important point to note is that the Y will reach a maximum short term target of 1.62 times the W. Which means, if W is at the $1.2 level, Y can go $1.944 in a three wave short term run. Looks set up for the same move since market correction also seems to be past the worst. Long term trend intact (bullish), targets look poised to go 4-5x current levels in a 1-2 month horizon
BITSTAMP:XRPUSDLong
by liccmydebt
Unbelievable run - Take the profit.Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line. RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment. There are couple of ways this trade can pan out - A. If it falls it may find support @ the trendline around $1.87 which is the 1.618 fib level. If it falls harder it could find some support at fib level 1 ($1.23). The selling volumes are pretty low though. B. It may get into a consolidation phase for a while. Look at the encircled portions in the chart. Everytime it hit an all time high it consolidated along that line sideways before making the next move. In this case it may go along the fib level 2 line and find support at the orange trend line before making the next move. C. If it manages to surpass the Orange trend line on top, it may reach $2.7 (fib level 2.414). This is less likely at the moment in my opinion. What the next move would be is difficult to predict. We'll have to wait an watch. However, I have a feeling (this is purely my assumption based on the past performance of the ticker) that it'd follow option B above. Note: if you went in early then now is a great time to seek some portions of your profit. :) Please feel free to revert with your feedback. Thank you!
BITSTAMP:XRPUSD
by rony.kris
3