XRP UPWARD PRESSURE CAPPED TO 0.39-0.41$ - NO FOMO
XRP INTRA-DAY BREAKDOWN - 05/04/19 - REDACTED FORM ANALYSIS - FOR FULL THING SEE OUR PAGE!
What has occurred since our last INTRA-DAY BREAKDOWN FOR XRP POSTED ON 20/03/19?
‘’TO CONCLUDE:
1. XRP WILL MOST LIKELY DROP TO SUPPORTS AT 0.32$ AND THEREAFTER, MAXIMUM UPWARD CAPACITY IS TO 0.377$ AND EVEN MORE SO BETWEEN 0.34-0.35$.
2. 0.304$ IS STILL THE BEARISH CONFIRMATION PRICE TO 0.28$ AND 0.25$. THE LEAST CONSERVATIVE BEARISH CONFIRMATION PRICE IS 0.311$.
3. WE ARE LIKELY TO TEST HIGHS OF 0.34-0.35$ CONSERVATIVE TARGETS AND EVEN MORE SO TO 0.377$ INCREASE BEFORE DROPPING TO OUR DOWNWARD TARGETS OF 0.28$ AND 0.25$.
4. OUR FINAL BUY ZONE STILL REMAINS AT 0.15-0.10$ :)’’
REVIEW:
1. From an explosion to 0.35$ and with many so called experts calling for bull run, I instead posted analysis, which suggested that we would have more likelihood of bearish pressure at that level. In addition to this I stated that we would be falling to supports at 0.32$ and I also stated that a break of 0.311$ would lead to 0.28$ retest and we received a retest of 0.29$.
2. The upper boundaries for upward pressure have been accepted to date 0.37$ but 0.34-0.35$ was broken through but that should have been expected.
3. The move down was predicted from then current level and then the move up to 0.37$ was also predicted.
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
WHAT CAN WE SEE ON THE DAILY CHART FOR XRP ?
- Firstly, Looking at just our price chart, we can see the downtrend line holding price down since earlier than September 2018 - at the minute price is below the down trend line and EMA 200 resistance is preventing it from breaking this trend line at the minute. We can also see that a double bottom has formed at 0.311$ level and the neck of this double bottom is 0.34$ and thus a break to 0.377$ should be expected. In addition to this, its important to note that due to the bullish nature of the current daily candle and also our momentum indicators on the daily chart, then we can not rule out a spike to 0.398$ as I expect to occur on a conservative basis and not something out of this world if it occurred. However, what is more unlikely is that we see a rise to 0.41$ and even more less of a chance to 0.43$. None the less, I should point out that levels between 0.41-0.43$ are the levels of previous support and now they are in fact levels of resistance - as you should know floors becomes ceilings after they are broken. The most ecstatic of results which the bulls could currently get from this rally and the most far fetched at this stage is in fact 0.52$ ceiling.
- Looking at our momentum indicators, firstly RSI, we can see that support was seen and now we are heading to test 80 level to the upside to expect a rejection. A minor rise such as this on the daily would imply an increase to the next nearest ceiling of 0.398$ in anticipation of a rejection from this level in line with RSI resistance on the daily at 80 level historically. Moreover, looking at our RSI/ROC indicator, which is an indicator that moves smoother and also faster than the RSI indicator, we can see that 60 level is usually a huge resistance and breaking this down trend line could evidently prove very difficult for the bulls.
WHAT CAN BE SEEN ON THE 4 HOURLY CHART ?
- On the 4 hourly price chart, we can see that we are currently forming a doji candle stick in line with resistance trend line and we are yet to close above this trend line - implying huge bearish pressure around this area with short orders seemingly lined up to knock price back down. We can see that following a rejection from this level supports would lie at 0.34100$, 0.32$ and finally 0.311$. In addition, looking at our momentum indicators we can see that RSI is currently at huge resistance of 70 level and we could see drops into the 55 level on RSI on the 4 hourly and also to 0.35$ support level with MA supporting standing here and EMA support standing at 0.32$. Looking at our RSI/ROC indicator, we can see that a rejection from around the 60 level has caused for price to be etching to go towards the 47 level-39 level.
WHAT CAN BE SEEN ON THE 1 HOURLY CHART ?
- On the hourly, via our candlestick chart, we can see that following a rejection from the 0.37$ region, we will most likely be heading for the 0.34100$ price floor in line with support of EMA being around this range by that time on the hourly. In addition, confirmation prices to the bearish side will be at 0.360$ and this would implicate a short position to 0.35$ and also 0.34100$. Furthermore, our momentum indicators are also implicating similar results with the 70 level on both indicators acting as a huge resistance.
To conclude:
1. I feel that we could spike to lows of 0.35$ and 0.34$ following a rejection from down trend line since September 2018, and previously we stated upward potential was capped to 0.377$ and so far this is holding very well in line with down trend line.
2. To the upside, 0.398$ as I expect to occur on a conservative basis and not something out of this world if it occurred. However, what is more unlikely is that we see a rise to 0.41$ and even more less of a chance to 0.43$. None the less, I should point out that levels between 0.41-0.43$ are the levels of previous support and now they are in fact levels of resistance - as you should know floors becomes ceilings after they are broken.
3. Our final buy zone targets still stand at 0.15-0.10$ with major supports at 0.28$, 0.311$ and 0.25$ in the way of this region in the immediate term.
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
What has occurred since our last INTRA-DAY BREAKDOWN FOR XRP POSTED ON 20/03/19?
‘’TO CONCLUDE:
1. XRP WILL MOST LIKELY DROP TO SUPPORTS AT 0.32$ AND THEREAFTER, MAXIMUM UPWARD CAPACITY IS TO 0.377$ AND EVEN MORE SO BETWEEN 0.34-0.35$.
2. 0.304$ IS STILL THE BEARISH CONFIRMATION PRICE TO 0.28$ AND 0.25$. THE LEAST CONSERVATIVE BEARISH CONFIRMATION PRICE IS 0.311$.
3. WE ARE LIKELY TO TEST HIGHS OF 0.34-0.35$ CONSERVATIVE TARGETS AND EVEN MORE SO TO 0.377$ INCREASE BEFORE DROPPING TO OUR DOWNWARD TARGETS OF 0.28$ AND 0.25$.
4. OUR FINAL BUY ZONE STILL REMAINS AT 0.15-0.10$ :)’’
REVIEW:
1. From an explosion to 0.35$ and with many so called experts calling for bull run, I instead posted analysis, which suggested that we would have more likelihood of bearish pressure at that level. In addition to this I stated that we would be falling to supports at 0.32$ and I also stated that a break of 0.311$ would lead to 0.28$ retest and we received a retest of 0.29$.
2. The upper boundaries for upward pressure have been accepted to date 0.37$ but 0.34-0.35$ was broken through but that should have been expected.
3. The move down was predicted from then current level and then the move up to 0.37$ was also predicted.
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
WHAT CAN WE SEE ON THE DAILY CHART FOR XRP ?
- Firstly, Looking at just our price chart, we can see the downtrend line holding price down since earlier than September 2018 - at the minute price is below the down trend line and EMA 200 resistance is preventing it from breaking this trend line at the minute. We can also see that a double bottom has formed at 0.311$ level and the neck of this double bottom is 0.34$ and thus a break to 0.377$ should be expected. In addition to this, its important to note that due to the bullish nature of the current daily candle and also our momentum indicators on the daily chart, then we can not rule out a spike to 0.398$ as I expect to occur on a conservative basis and not something out of this world if it occurred. However, what is more unlikely is that we see a rise to 0.41$ and even more less of a chance to 0.43$. None the less, I should point out that levels between 0.41-0.43$ are the levels of previous support and now they are in fact levels of resistance - as you should know floors becomes ceilings after they are broken. The most ecstatic of results which the bulls could currently get from this rally and the most far fetched at this stage is in fact 0.52$ ceiling.
- Looking at our momentum indicators, firstly RSI, we can see that support was seen and now we are heading to test 80 level to the upside to expect a rejection. A minor rise such as this on the daily would imply an increase to the next nearest ceiling of 0.398$ in anticipation of a rejection from this level in line with RSI resistance on the daily at 80 level historically. Moreover, looking at our RSI/ROC indicator, which is an indicator that moves smoother and also faster than the RSI indicator, we can see that 60 level is usually a huge resistance and breaking this down trend line could evidently prove very difficult for the bulls.
WHAT CAN BE SEEN ON THE 4 HOURLY CHART ?
- On the 4 hourly price chart, we can see that we are currently forming a doji candle stick in line with resistance trend line and we are yet to close above this trend line - implying huge bearish pressure around this area with short orders seemingly lined up to knock price back down. We can see that following a rejection from this level supports would lie at 0.34100$, 0.32$ and finally 0.311$. In addition, looking at our momentum indicators we can see that RSI is currently at huge resistance of 70 level and we could see drops into the 55 level on RSI on the 4 hourly and also to 0.35$ support level with MA supporting standing here and EMA support standing at 0.32$. Looking at our RSI/ROC indicator, we can see that a rejection from around the 60 level has caused for price to be etching to go towards the 47 level-39 level.
WHAT CAN BE SEEN ON THE 1 HOURLY CHART ?
- On the hourly, via our candlestick chart, we can see that following a rejection from the 0.37$ region, we will most likely be heading for the 0.34100$ price floor in line with support of EMA being around this range by that time on the hourly. In addition, confirmation prices to the bearish side will be at 0.360$ and this would implicate a short position to 0.35$ and also 0.34100$. Furthermore, our momentum indicators are also implicating similar results with the 70 level on both indicators acting as a huge resistance.
To conclude:
1. I feel that we could spike to lows of 0.35$ and 0.34$ following a rejection from down trend line since September 2018, and previously we stated upward potential was capped to 0.377$ and so far this is holding very well in line with down trend line.
2. To the upside, 0.398$ as I expect to occur on a conservative basis and not something out of this world if it occurred. However, what is more unlikely is that we see a rise to 0.41$ and even more less of a chance to 0.43$. None the less, I should point out that levels between 0.41-0.43$ are the levels of previous support and now they are in fact levels of resistance - as you should know floors becomes ceilings after they are broken.
3. Our final buy zone targets still stand at 0.15-0.10$ with major supports at 0.28$, 0.311$ and 0.25$ in the way of this region in the immediate term.
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
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