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XRPUSD Pair about to trigger a gldncross on the 1 day & inv h&sTake a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have already triggered a golden cross and inverted head and shoulder breakout on the xrpbtc pair...the golden cross on the xrpbtc pair has been sustained and didnt become a fakeout which is leading to huuuge leaps and gains over ethereum and btc...all this considered means the golden cross on the xrpusd pair should be sustained with similar results as well. While the rest of the crypto market has been in a free fall..XRP hs held steady making those gains against btc. Yet it hasn't been able to break out of the 48 cents-50cent range yet...once it sustains the golden cross on the usd pairing however we will definitely see it start to make 50-100% gains. First resistance will be back at the inv h&s neckline at 54-55 cents....once we break up from there the next target is the 75 cents range. This is of course just my opinion though so don't take it as financial advice for a financial advisor I am not. Thanks for reading!!
POLONIEX:XRPUSDLong
by DrDovetail
2
XRP continues bull run breaks key reistance triggers inv h&Swe can see XRP finally broke the resistance of the horizontal pink line. XRPLedger payments volume is really starting to boom as well on the xrpcharts on ripples website. Onward and upward we should hit the inv h&s breakout target within the next 1-3 1day candles is my estimation. Also greatly widening the gap and dominance over Ethereum and making big gains on btc at the same time. XRP is quickly becoming the standard. Once the XRPUSD pair finally gets its golden cross on the 1 day chart and sustains it then we are really gonna be taking off!
Long
by DrDovetail
1
XRP breaks well above inv h&s neckline forms higher highYou can see here on the 1 day chart that price has broken well above the neckline but is seeing resistance right at this blue horizontal line...what you cant see here is that the candle has already thrown a tiny wick above that line thus forming a higher high over the green candle where the horizontal line starts...in doing so XRP has broken the inside bar consolidation of that candlestick and now has a very high probability of going higher than that line and thus triggering and confirming the breakout from the head and shoulders pattern...We have also reached the small symmetrical triangle hidden in the right shoulders breakout target like I said we would do in the last video. So probability highly favors we trigger this head and shoulder pattern if so the target will be close to the black box near the top of the chart. Thanks for reading *not financial advice**
Long
by DrDovetail
A look at the XRPUSD pair almost at golden cross!Normally my xrp charts are looking at the XRPBTC pair...but with more and more exchanges now enabling the XRPUSD fiat pair I think it's important to factor that in as well. We are currently right around 49 cents but will likely be heading upward soon...you can see the price action has been consolidating in a falling wedge which most of the times break upwards...you can also see here that if we were to break up from the falling wedge at this point where we are now testing its top trendline...the breakout target price would conveniently be right at the neckline of the inverted head and shoulders pattern now forming on the chart as well..We seemed destined to trigger the inv head and shoulder pattern on the xrpbtc pair so I think the xrpusd pair will inevitably trigger its inverted head and shoulder in the near future as well. So I think probability favors XRP breaking bullishly upward from this falling wedge fairly soon as well as a golden cross happening as soon as the next day candle to 3 days from now. Overall very bullish looking indeed.
BITFINEX:XRPUSDLong
by DrDovetail
Xrp now testing inv h&s neckline after breaking up frm sym trnglhere we can see the inverted head and shoulders and how xrp is currently testing the neckline. I have two price target as here in black boxes. The first one represents how high we should climb after breaking up from the small symmetrical triangle(in green). The second much higher price target is where we will go if we trigger the inverted head and shoulder pattern which I anticipate is a very good probability but for now we could still reach the first price target and then still do a fakeout of the inv h&s so be prepared for that possibility. If we do trigger the inv head and shoulder and climb all the way to the second higher price target, the good news is then we will also be right near the neckline of an even bigger massive inverted head and shoulders that could take us all the way to .00025 sats if we were to trigger that one. I anticipate a correction before we would test that one however if we do manage to climb that high...thanks for reading! *not financial advice*
Long
by DrDovetail
XRP Bullish during btc bear dip, #2 in market cap!XRP is looking very bullish now as it appears to have potentially flipped this yellow line it was struggling to get above from resistance to support after finally breaking above it and up and above the inside bar consolidation it was trapped in. This is a very bullish sign as it will now likely close abov this symmetrical triangle and trigger a nice bull break which will then put it above the top red line I have here on ym chart which is the neckline of the big inverted head and shoulder pattern it's currently forming. A bullish breakout of that inverted head and shoulder pattern will bring yet even more bullishness to xrp and if all of this continues to occur while the rest of the market heads downward then XRP could essentially cement itself permanently above ethereum as the number 2 crypto...One downside to xrps bull run happening now during a big bear dip in btc is that it could go parabolic here and reach its former peak against btc but not hit the $3.50 range if btc is this low...if it does go parabolic int hose conditions that would not be good because parabolic bull runs tend to usually retrace about 80%. Instead what would be preferred is for XRP to trigger this inverted head and shoulder pattern reach that target and then plateau and consolidate for awhile until the rest of the market flips bullish and has a chance to start catching back up a bit. That will ensure we still have room to continue up from there if it takes the time to consolidate and correct itself. Seeing as how both XRP and Stellar have recently had 1 day golden crosses I anticipate those 2 coins continuing to have bullish action while the majority of the rest of the market crashes. Of course this is just my opinion and not financial advice however so trust your own instincts. Thanks for reading.
Long
by DrDovetail
1
Massive head&shoulders on btc triggers reaches first drop targetbad day in btc today as a big head and shoulder pattern has triggered and reached the first possible drop target which it is now currently wicking upward from. That target was calculated by not including the super tall bitfinex tether wick on the head that happened in october...the second target is about 1,000 lower than that and factors in that massive wick...there's still a chance to hit the lower target of course but because that super tall wick on the head was so manipulated to begin with we may only reach this first target instead...hopefully you all sold when you were given confirmation that the head and shoulders had triggered...I'd say now is a safe place to buy back in if so with a stop loss a few pips below this if it seems we may go for the lower target that includeas the massive bull wick in its calculations. One other very alarming thing here is that we have busted below the support line that has held strong since 2011. That's a very bad bearish sign. Hopefully however now that we have had this massive drop this will usher in the bull season potentially even before the end of the year if we are lucky enough to get one of those massive rebound bounces...For now though things are looking very bearish and there's still a chance we could fall as low as 4.7k on the bitfinex chart.
BITFINEX:BTCUSDShort
by DrDovetail
Huge bullish volume on XEM 1 day chart; Testing inv h&s necklineHard not to jump in on this with that giant volume bar on XEM I say wait until we have a confirmed break above the h&s neckline though that flips the neckkline from resistance to support and solidifies it with either 2 1 day candle closes above it or another huge influx of bull volume once it crosses above the neckline...it's already done a fake out once it could attempt a second and even third fakeout. Be vigilant.
XLong
by DrDovetail
1
XRP H&S target reached; Big Bounce Support on 1Day 50maPlease look back 4-5 ideas about the XRP H&S target I pointed out...we have found support at the nearest direct support line immediately below the drop target of the head and shoulder pattern I pointed out. We have seen a very nice bounce here at the 1 day 50ma(in orange)...still a chance that this support could fail if so the next fib line down just under this MA will likely find the ultimate bounce support if this one doesn't hold support. This one may be enough for us to continue upward however. Will need to start seeing a series of higher low/higher highs form though as of now bears have the reigns. However now that the drop target has been fulfilled on the head and shoulder breakdown the bulls may be able to steal the reigns back very soon.
by DrDovetail
4
Huge volume spike on zrx takes priceaction over neckline of ih&sI assume the hype about zrx soon coming to coinbase is the big culprit for why zrx has seen such a massive spike in bull volume that has brought it well above the neckline of its inverted head and shoulder pattern. However to trigger the breakout I think we will need the current 1 day candle to also close above the neckline...if so you can likely expect the price action to reach the green target posted here on the 1 day chart. A fakeout is still a potential possibility so tread carefully.
Long
by DrDovetail