XRP trade ideas
Harmonics, a traders best freind!! [XRP/USD]Here are all the possibilities for xrp in the coming weeks/months
This TA is mainly focused on harmonics due to the vital phycology behaviours and the success rate
According to the TA it's very important we retrace to D point before the massive run-up. I expect 0.19-0.22c xrp before the major run, notice how a majority of D points for THREE harmonics all align at the 0.20-0.22 levels thus indicating STRONG support ; We must retrace to D point before xrp can make a new HH.
I know most xrp investors are questioning the deep D retracement for the bullish crap. Despite the fact we have a bullish deep crab at 0.10-0.12c levels it's unlikely we see that type of retracement with such high greed index across all markets. Therefore It's a very unlikely scenario UNLESS of course markets turn extreme bearish similar to what happened in March, the catalyst was COVID19 that caused all markets to lose %30-%60 value. If your expecting xrp to dump to 0.10-0.12 again a catalyst is vital
Never the less Markets are looking better than ever, Look at major indices, btc, eth. Extreme bullish/ greed behaviour all across the board. This is good indication where markets will be heading for the near future.
As always this is no financial advice, don't risk more than you can afford.
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XRP IS ABOUT TO MAKE THOUSAND'S OF MILLIONAIRES! XRP HAS BROKE UPWARD FROM THE DESCENDING WEDGE IT WAS TRADING IN.
LOOKS VERY BULLISH, 10X FROM HERE TO HIT ALL TIME HIGHS.
WHAT ARE YOUR THOUGHS ON XRP?
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XRP Total Market Cap Attempting To Break Long Term Resistance Looking pretty nice on the daily chart for XRP total market cap. White line has acted as the last resistance in late 2017 bull run. Following the pump it was support for multiple touches before we broke below. A short term break above was pushed back down but stochastic RSI looking like it has plenty of momentum to carry us through.
What do you think?
not investment advice