MagicPoopCannon

Heavy Resistance Broken! Ripple! (XRP)

BITSTAMP:XRPUSD   Ripple / Dollar
Hi friends! This is an urgent update on Ripple! Looking at the four hour chart, we can see that it has jumped above the 200 EMA (in purple,) the 50 EMA (in orange,) and the neckline of the head and shoulders pattern. The second candle back is a hammer , and the current candle remains above the resistance level . If this level holds, and price doesn't break back below, this is confirmation that the bulls have put in a short-term bottom. XRP has broken above significant overhead resistance, and the bulls are starting to show real signs of life. I want to stress, though, that a breakdown back below the neckline, would signal a failed breakout attempt, and a potential bottom would be off of the table. Ideally, the bulls need to start heading higher, and get above the next overhead resistance at the 50% retrace. After that, XRP could have a nice run up to the 38.2% retrace, at $2.15.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media! Good luck trading everyone.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

-JD-
Kommentar: Update: XRP has broken back below the neckline. This now appears to be a failed berakout. I will give a full analysis later.

-Magic-
Kommentar: Update Analysis:

ripple just got a C rating..
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Hi

Can we have an update please.
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What's the latest update on this? Is it gonna fly down soon? Or jump up? Looks like a smaller bull flag embedded in a larger bear flag. Need an update.
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Of all the ppl I see charting here yours are super clean and easy to follow with out getting too complex. What I’ve been doing is tracing your charts onto clean ones and I’ve learnt so much more in the past two days from you than all the YouTube vids I watched in 2 months.

Thanks!
+1 Antworten
matoa tailsfromthekrypt
@tailsfromthekrypt, i totally agree with you!
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flyire tailsfromthekrypt
@tailsfromthekrypt, I agree. Even when I convinced myself that MPC was literally an arseh0le for telling me things that I didn't want to believe, there was always the sense that MPC was the grown-up in the room..
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4 Hour MACD just crossed to the down.
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nice...why do you spam alanmaster's comment section :p
+2 Antworten
Commodore3 AshharFarooqui
@AshharFarooqui, marketing strategy I guess
+1 Antworten
Thanks and I am look forward to update!! THUMB UP!
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