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Showing posts from January, 2018

Eurusd still struggling around 1.2420$

The pair rebound from support area at 1.2385$ but recovery stalled at 1.2420$ area , the pair may have some room towards 1.2440$ but bias remains bearish after yesterday reversal. You can short the pair at the moment with target 1.2360$ area and exit if we break above the bearish trendline shown below

Euro bearish reversal from 1.2480$

EUR/USD gave back all the gains it made this week and reversed sharply falling to 1.2390$ at the time of writing The pair will find resistance by the bearish trendline and would be a good chance to short the pair again at 1.2410$ targeting 61% fibonnaci retracement (move from 1.2160$ to 1.2520$) where it will be around 1.2305$ . A break below 1.2305$ will expose 1.2260$ support area where the pair might rebound from to retest the area at 1.2360$ .

XRP/USDT not able to break 1.14$

The double bottom formed earlier last week at 1.14$ is turning into sniffing resistance and ripple is not able to break above it. $XRP is currently trading at 1.12$ stuck between support at 1.05$ and resistance at 1.14$ .Watch out for a break either above the resistance or below the support.

Ripple : $XRP technical analysis for 31-1-2018

Ripple Has fallen sharply after reaching all time high at 3.5$ , The pair tumbled to 85 cents 17 January and has been recovering since with high at 1.70$ (which is close to 38% fibonnaci retracement level. The pair has made some local support levels at 1.05$ , followed by 1.14$. Resistance areas currently lies at 1.14$ followed by Broken bullish trend-line and then 1.84$ . Target area in case of breaking the high of correction move would be 2.30$ area. it is preferred to stay long unless we close below 1.05$. If 1.05$ broken , then 91 cents will be next level of support.

Ripple : Rebounds from 1.05$

Ripple ($XRP) fall to lows of 1.05$ where it found critical support and rebound to 1.11$ at the moment of writing. Yesterday XRP broke below the bullish trend-line and broke the double bottom at 1.14$ . Last line of defense mentioned in earlier post managed to give the pair some support. Currently the pair might face some resistance at 1.14$ (previous support turned into resistance) and we have 1.25$ as break or make critical area. it will of great resistance which if broken will create a strong bullish trend.

Ripple : $xrp breaks the double bottom

Ripple ($xrp) breaks below 1.14$ where it formed a double bottom last week and that came shortly after breaking out as expected earlier today. The pair broke the bullish trendline and fall below the critical support at 1.14$ , now we will watch how the pair will react at 1.05$ which represents our final defense area.

Ripple : Bullish Trend-line will be retested

Ripple ($XRP) broke below the bullish trend line on the 1h chart and fall to 1.15$ close to our earlier mentioned critical support at 1.14$ where it formed double bottom. If we break below that level , the sentiment will be extremely bearish. We will have a chance of retesting the broken bullish trend-line and the intact bearish trend-line at 1.25$ as show below. If we manage to break that area successfully , $XRP will turn into bullish trend and possible rally towards 2.30$ area. Keep following for updates..

Ripple broke the bullish Trendline

Ripple ($XRP) broke the trendline which was supporting the pair so far. Currently trading 1.17$ Be careful ,as we might now break the 1.14$ critical support and might dip to 1.05$ if broken. I prefer waiting till we break the bearish trend-line. Keep following for updates.

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.

Ripple : Breakout within 48 hours

Ripple (XRP) is supported by a rising trend-line and is close to a break either upside or downside , hours will tell. We must see a break within the coming 48 hours. A break to the downside will put extreme pressure on the critical support area at 1.14$ which might be broken then. Next support will be at 1.05$ The pair will face some resistance on the upside before a break up at 200 MA on the 1h chart which currently lies at 1.30$ . Ultimate target before a real break out and beginning of another bull trend will be testing of 2.30$ area. Keep following for updates.

Ripple : XRP Supported by Rising Trend line

XRP/USDT tested the rising trend line at 1.25$ and currently rebounding to 1.27$ , Stay long till we test bearish trend line again possibly at 1.34$. Ripple has tested the bearish trend line earlier but failed to break and as I mentioned earlier we are currently witnessing a war between the bulls (rising trend line ) and bears with bearish trend line. The angle lies at 1.30$ where it will forced to break either direction.So  stay long unless we break below the rising trend-line , next support will be 1.14$. Keep following for updates.

Ripple : XRP stalled at resistance

Ripple challenged the last bearish trend-line but failed to break at 1.39$ , XRP is currently retesting the rising trend line from yesterday as shown below. So it is now a war between two trend lines (war between the bears and the bulls) , lets see which one will win.

Ripple : XRP rebounds from 1.23$

As posted earlier we have a rising trend line which has been tested and proved to be as of strong support for the pair . Support currently can be found 1.14$ , while resistance lies at 1.55$ area followed by 2.30$ area. So , keep holding your ripples till 1.55$ area and lets see how the pair will react to that level. Today's high was 1.3060$ while lows were at 1.23$ area. So keep those levels in mind and we are trading actively above the 200 MA  on the 30 minutes chart.

Ripple : Will Test Rising Trend line

Ripple (XRP) is going to test the rising trend-line shown below in the chart and is currently testing the 200 Moving average on the 30 minutes chart as well. I am still bullish on the pair (XRP/USDT) as long as we don't close below 1.23$ on any 30 minutes candle. First resistance will be around 1.55$ area , while on the downside if we break 1.23$ , we will have 1.14$ where it formed double bottom followed by 1.05$ critical support. Keep following for updates.

Ripple (XRP) : Broken Trend line Retested

Earlier today , Ripple ($XRP) broke a bearish trendline on the 30 minutes chart and trading over the 200 MA with eyes on 1.55$ area as first target. The pair is retesting the broken trend line at 1.27$ area and if successfully rebounds , then no doubt we will see a 20% rally today . So for the moment keep your eyes on 1.27$ on the 30 minutes chart.

Ripple Broke another trendline

Ripple (XRP) broke the next bearish trend line and is rallying again to 1.3060$ . Now next real resistance will be around 2.30$ and it looks like there is a hot volatility in the market today and the market cap increased by 50 million dollars in just half hour. We are still long until we close below 1.05$ and I am now certain 80% that we will not see that level again before we test the broken bullish trend line . The pair is currently trading stably above the 200 SMA.

XRP broke the trendline

Ripple (XRP) broke the bearish trendline. Now we will have Some bullish build up. Stay long and follow me for updates on this trade and other trade set ups. Next resistance will be around 1.28$

GNT/BTC technical analysis 27-1-18

Golem (GNT/BTC) is about to start a bullish reversal and it is time to go really long. This area proves to have been a great resistance for the which it  broke a month ago and it has been testing it now. Your exit will be on a daily close below 0.000047btc  First resistance at .000052 where 200 SMA lies , your target should be around .000065 . Golem is the first global market for idle computer power " https://golem.network /" 

XRP (ripple) technical analysis 27-1-2018

Ripple is being bound the bearish trendline formed on the 30 minutes chart as show below and it has been trading below the 200 SMA (simple moving average) for 2 days now. Once we break above that line , first resistance will be around 1.55$ then followed by 2.30$ , on the down side , first support can be found 1.14$ which proved to be double bottom for 2 days now. If xrp/usd breaks 1.14$ , we will test 1.05$ , However , it is preferred to stay as long as you can until we break 1.05$ and your target should be around 2.30$

Bitcoin will rebound ?

Technical analysis of #bitcoin shows that it has been stuck in the area between 10k and 11.5k . A break above 11500$ will start a bullish trend and a break below 9700$ will start a bearish trend. So keep those limits in mind. A break above will help it continue to 14000$- 15000$ , while a break below 9700$ will clear the way to 6500$ . So you can long at current area around 10400$ and sell if we break 9700$ with target 1400$ .

XRP (ripple) is about to rally-

XRP/USD (ripple) is about to rally , first resistance will be around 1.36$ then we have clear way to 2$ in the next few hours. Lets keep an eye on how things will develop and I will let you know if this trade recommendation proves wrong. For now , we are still on the bright side holding breath for a fast rally. Fasten your seat belts and book in 60% gain this week.

Xrp/ripple holding gains at 1.30$

Xrp/usd (ripple) has been consolidating for two days now after surging from 85 cents to 1.60$ The pair lost momentum and returned to test 50% retracment level of the move . Most probable we will have another leg up towards 2.10$ area before falling back again , so it is preferred to go long at current area targeting a 60% gain. Stay tuned for updates on this trade and more trading recommendations .

Bitshares supported at 0.000043 btc

Bts/btc (bitshares/bitcoin) is down 25% last week and has been down to 0.000038btc fro. 0.000053btc. On January 9 , bitshares started effectively its discounted subscription fee , this news should have boosted the altcoin , however it was down around 13% Technically speaking , bts/btc should find strong support around 0.000043 and start building a rising trend again probably targeting 0.00083 btc on the long run.