D4rkEnergY is here with an update on Ripple! We are looking at the 4h XRPUSD Chart. After a hard pullback, it seemed like XRP, after a steep uptrend and some slowly but steady crawling, was starting to recover. We went into an ascending triangle. D4 gave you the warning in an earlier post, that we probably would FALL through due to the bearish divergence (RSI made a descending triangle). And we did...
We are at this very moment facing a new ascending triangle, but the EMA 200 right above our head acts like heavy resistance. On the other hand do we have hand strong support from EMA 20 right under us. And also EMA50.
The RSI is making a symmetrical triangle, which is neither bullish nor bearish. The same goes for the MACD, which is indecisive.
I also want you to draw your attentions to the volume bars. The last 8(!!) bars have all been under the MA20 Volume.
So one thing is for sure! Something very soon is going to happen. And here are the 2 scenarios:
1. The bulls will in the end exhaust the bears and finally squeeze them up and out from the yellow ascending triangle. That would be a big victory, and we would again cruise on the EMA200. The next target would be 61,8 % retracement level.
2. The bulls cannot handle the pressure. The RSI will start to turn down, and once again the RSI will make a descending triangle, and ONCE again we have bearish divergence, and we will go down. And we are not done yet. Hereafter a HS pattern (Head and Shoulder) has formed, which probably will push the price even lower.
Let us see, my dear friends. It will be for sure be an exciting day!
OUT D4 is everywhere D4 predicts everything
評論
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As predicted we one more time had to face bearish Divergence, and thereafter came the HS pattern, which took us even lower.
I can see, that some people wants to go long now. D4 wants to warn you, guys. A bear flag has now taking form, which suggest that we AGAIN will go lower. We might even reach the 78,2 % retracement level. The RSI and MACD still allow us to fall deeper.
Thankfully shorted XRP yesterday, BTC will rally to 11700-11800 range and then I can see a correction to the 9000 usd range.With this correction occurring surely XRP will pull back even further. Don’t understand when people say Ripple could pull to the upside when BTC is going to enter a correction period. Be careful and pay diligence to BTC.
stell_s1
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@CTAP, There is also an option BTC to slow down and consolidate without significant correction.
This will indicate a look for underperforming Alta - XRP is on headline for sure.
CTAP
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@stell_s1, take your blinkers off. Looking at the 1day chart a correction is on the cards.We can’t and won’t just keep running up: You will get burnt with your outlook on the market. This is obviously only my opinion, however valid all the same.
CTAP
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@CTAP, target price 11700-11800 hit to absolute perfection (as expected). I hope all of you guys took some profits.
Maybe we’ll see some price action coming into ALT coins with people moving profits from BTC into ALTs whist the majority are circa 10% down. My main message guys is to reduce your exposure to market volatility and to adjust to the market, risk management is crucial in these times. In the end of the day P & L is the only indicator we can use to judge our trades and our emotions.
HyperionAllied
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@CTAP, agreed and it didn't even rally along with btc which it usually does so not good signs for an uptrend.
vabs123
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Thanks for sharing your analysis. Lot to learn from this update.