One more run down for $XRPUSD

BITSTAMP:XRPUSD   Ripple幣 / 美元
886 7
While price action has so far followed my previous chart, I now believe we will see a deeper retracement. You will see we didn't take out the stops at the 0.86 level and instead have put in a triple bottom (H4 chart and lower). From here price has now rallied creating optimism for the bulls in order to build sell stops below the triple bottom. I see this current bounce having an upper limit of 1.97 which would run the buy stops at 1.86 and run into the body of the daily breaker & 2018 yearly open. But then again, it could leave those stops and turn back down at 1.80.

As per this new chart, I think we will see a bottom between 0.50 - 0.64; and I would expect it to happen either this weekend or early next week. You will also notice the old ATH at 0.399 as an extended target.

Here are some points which have led me to this conclusion;
- Stops at 0.64 left intact (triple bottom created)
- Daily breaker low (1.80) and open (1.97) to act as resistance
- 1.27 fib extension from 0.65 low to 1.80 lines up with a stop run at 0.64
- AB = CD measured move (chart snapshot below) lines up with the old daily high (0.495) which also closes the void on the daily chart
- RSI divergence between Jan 12 to Jan 18 on H4 and other timeframes (lower high in price & higher high on RSI )
- As a point of confluence, you will notice the two blue boxes. The first was created from the 2018 open to the January high. This box was then copied and used to measure an identical move down using the 2018 open as the median. As you can see it lines up with a stop run at the 0.64 level.

Daily chart showing void and breaker

H4 RSI divergence
評論: It looks like the H3 breaker 50% level has been respected. This may be the top of the retracement.
評論: Still expecting more downward momentum. We will wait and see if the H2 breaker holds.
評論: The median of the H2 breaker is still holding strong
評論: Just running some further analysis has brought this possibility to my attention. See the charts below for another potential pathway to the lower levels

Here are some other charts for reference showing the completed moves

Do you think we are clear now?
@flyire, What do you mean by 'clear now'?
Solid TA, based on your previous analysis, I would say it is convincing
xrpxrp moga111
@moga111, sell all your coins:)
moga111 xrpxrp
@xrpxrp, Sold at 1.72, might catch it again when its at least 0.50 cent less ;)
DanLaffas moga111
@moga111, thanks mate. Just remember I'm no guru, just posting for my own reference :)
moga111 DanLaffas
@DanLaffas, For sure no one knows the future, we only make the most of what is presented to us ;)
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出