LewisGlasgow

Ripple - Cup and Handle

POLONIEX:XRPUSDT   XRP / Tether USD
Upon finding this cup and handle pattern it reminded me of my previous idea for ETC/USD (chart is shown below).


The pattern above was absolutely perfect, we saw a move from $2.50 to $5 within a matter of weeks.

Now, I'm expecting the same for XRP/USDT a move from $0.05 to $0.075 before stalling out and forming a descending channel (the handle).

Once we see this happen I'll be paying close attention to candlestick formations and price structure for a potential breakout to the upside, if successful we will see a move to $0.12.

Over two weeks ago I posted my view on the 1h timeframe, I noticed that price was respecting the 0.618 and 0.786 retracement levels (chart is shown below).


Since then, price dropped down to the 0.786 retracement level one more time before skyrocketing.

To further validate the move up to $0.12, check out my analysis on the daily timeframe below.


I've got plenty more analysis on the way, keep supporting my ideas and don't forget to add me on social media!
Apr 29
코멘트: Here is my current view on the 15m chart, pay close attention to $0.062 for a break to the upside.

May 01
코멘트: We've just seen a re-test of resistance following a breakout of a pennant, I'm expecting a move up to $0.075 very shortly.

May 02
코멘트: Keep an eye on this price structure, the trendline support is holding really well... Expecting a move to the upside within the week.

May 04
코멘트: We're now approaching 0.075, keep an eye on candlestick formations and price structure in this area, we may just break straight through this level rather than forming a descending channel.

May 04
코멘트: Price hit 0.075 as predicted, this is where it gets interesting!!!
May 04
코멘트: See ya later ;)

May 05
코멘트: The next cycle will begin at 0.12, pay close attention to the chart shown below.

May 05
코멘트: XRP/BTC: Price is trading within an ascending channel on the 5m chart, good guide for entries and exits.

May 06
코멘트: Here is what I see happening on the 15m chart, one last drop before the move up to 0.12.

May 07
코멘트: We've now achieved our short-term target!!! Well done to all those who made profit on XRP, I'll now be holding long-term.


Let me know where you got in, comment below.
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LewisGlasgow Valesco_Trading_Group
+1 응답
@LewisGlasgow, Don't forget to look at our ripple call:
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LewisGlasgow Valesco_Trading_Group
@Valesco_Trading_Group, I have to disagree with this idea sorry.
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@LewisGlasgow, You don't need to be sorry my friend. We are just exchanging views which is the power of this platform.
+1 응답
LewisGlasgow Valesco_Trading_Group
@Valesco_Trading_Group, glad to see someone who is open to opinion, all the best :)
+1 응답
@LewisGlasgow, good luck my friend.
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Hello LewisGlasgow, this is an amazing call. I am reaching out to you to see if you see this cup and handle pattern on NEO?

Below is not mine.


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Great Chart and Great artist Bro
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It's very interesting what you think, buy or a couple of days to watch, XRP / USDT. Update your chart pls
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홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 헬프 센터 프렌드 리퍼하기 기능 개발/개선 요청 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃