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Ripplesignals

XRPUSD Golden Cross on 1D. How did this trade in the past?XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th: So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming uptrend. In the past however this has worked only once for Ripple and that was in March 2017 with a parabolic rise that signaled the start of the new bull market. In the other two occurances, the Golden cross failed to initiate a new bull run as the 1D MA50 was broken and infact a Death Cross took place later on. So it becomes obvious that the current Golden Cross is a buy signal unless the 1D MA50 is crossed . If successful it can potentially aim at $3.50 before the next consolidation.
POLONIEX:XRPUSDLong
by TradingShot
3
XRPUSD 100% Success on this Fibonacci patternXRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful pattern. Assuming April 25 was the bottom, at the moment the next 0.618 Fibonacci retracement level is 0.34000, which is my long target. Once this Lower High sequence breaks and a Higher High is made, we can safely assume that Ripple will initiate its next Bull Cycle. After all, as pointed out on my long term XRPUSD outlook (comparing the 2015/16 cycle wo the 2018/19), we are only a few months away from an aggressive break out to new All Time Highs: What do you think of XRP and this Fibonacci sequence? Can it work again? Is XRP only a few months away from new Highs? Let me know in the comments section!
BITSTAMP:XRPUSDLong
by TradingShot
6