XRP / USD Secondary Trend. An expanding volatility zone. Wedge.

已更新

Secondary trend. Expanding triangle (expanding volatility zone). Price at dynamic support. It is worth noting that a falling wedge is formed from the "reset 19". Attached public ideas for the last half of the year.

Note this idea of comparing. Posted on 25 12 2020 GameTSLA-CEK=18,XRP-SEC =...)

By the way, when you press the play button, the TESLA chart is refreshed (the result is displayed after a while), but the XRP chart is not. Here's an observation. The price increased from these values when pumping more than + 500%.

By the way, at the time of the publication of the idea, these were the minimum values of the XRP price since that time. The very bottom. $ 0.21 -0.31 In this zone, large players were gaining positions - the average market participants were selling. Then everyone shouted to sell! The crowd was getting rid of the "scam - XRP" en masse. When the price went up several times, the scam became not a scam, at least for the time being. Everything is according to the classics.

After 4 months, there were several waves of price pumping with increased volatility in an developing trend with an appetizing correction for working with a complex % (all this work is in my trading ideas and updates for working in them for this period):

0,23$ - 0.37$
0.24$ - 0.75$
0.35$ - 0.62$
0.36$ - 2$
1$ 1.65$

At the moment, the price is moving from the "reset 19" in the falling wedge zone. Now the price value is $ 0.62. Also, the price is near the dynamic zone of support for an uptrend (rising lows) from "reset 13" (lows on 13 03 2020).

At the moment, it is rational to pay attention to the work with this wedge and its resistance, as well as the dynamic ascending support line (green), the base of which is from 03/13/2020. It is worth noting that in December, when there was a massive FUD of the game with SEK, it was temporarily broken through. Areas of key price levels are shown on the chart.

XRP/USD Secondary Trend.Wedge

注释

+24% from the breakdown of the wedge. Continuation of the movement after the local pullback. An attempt to break through the trend line (back to the big channel). The price fixation above the trend line is important for the continuation of this trend development. The double bottom is formed 33%.

注释

The local target of the double bottom is taken. Almost +40% from the breakdown of the wedge. 2 08 21 there should be "news-trends" for the direction of the price movement. They may be both positive of the continuation of this local trend and pumping to the marked local targets, and negative of the nature to correct the price in sideways movement. Local levels to work showed on the price chart.

注释

+148% of the secondary trend reversal level of 0.5450. The price reached the level of 1.26. To understand the further price movement see the related ideas of the secondary and main trend

注释

XRP trading situation. The local pullback formed an ascending triangle with a base of 36.6%. From the secondary trend reversal to this resistance of 1.3 now exactly 144%. If you draw the scale of 144% from the resistance, then of course it gets to the level of 3.18, which is a resistance zone of the internal upward channel, in an absolutely random way. The local levels, from which the further development of price movement depends on, is shown by arrows.

Unfortunately, all my new trading ideas (I mean public) of XRP, BTC and ETH are hidden from search engine on tradenview (the search by ticker is fruitless, but ideas themselves are not banned), therefore all the search ideas and updates are actual in telegram channel with hashtag #XRP

注释

resistance zone of $1.3 did not break through, from it the pullback (22% channel), at the moment the price after the pullback is in its lower part. On some exchanges in a zone of $1.85 - $1.09 (13/19) there were huge orders to buy (price retention).

For a local manipulative movement for the completion of a position when stops are placed under this zone (for large orders, clever traders use the market glass, but not the chart, to avoid the early sale of small movements). That's such a trick. It is very effective in "quiet time" and at very important reversal zones. Bids form a chart pattern, support, resistance, trend direction...

Large bids of the market maker protect stops of smaller market participants. But, you have to understand that these same orders can be removed by the market maker to set the coin with discounts and liquidity. The drain 22 12 21 on this principle occurred. I wrote it as it is. If that happens, the moves will be fast on the stops, but it doesn't have to be. Globally, the price is in an ascending large channel under the support zone of the inner channel.

注释

A local descending wedge has formed. The price reached the dynamic support of the trend channel. I think it is worth thinking about at least a partial set of positions on the allocated amount on this coin.

注释

Mid-term work. Further development of the trading situation. Formation of a triangle above the uptrend (fractal if you look at the larger chart scale). The price is squeezed into a corner. Zones of levels from which the further development of the local trend shown on the chart with arrows.