RIPPLE - XRP/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.233100 USDT
My targets
0.207067 USDT (-6.01%)
0.180367 USDT (-18.13%)
My analysis
RIPPLE - XRP/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.233100 USDT. The next support located at 0.207067 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.180367 USDT. Below this support, sellers could then target 0.135233 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USDT rating 0.220300 USDT. The price has increased by +0.55% since the last closing and was between 0.217900 USDT and 0.221700 USDT. This implies that the price is at +1.10% from its lowest and at -0.63% from its highest.0.217900
0.221700
0.220300
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this RIPPLE - XRP/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.220300 | 0.233100 | 0.277480 | 0.310017 |
| Change (%) | - | +5.81% | +25.96% | +40.72% |
| Change | - | +0.012800 | +0.057180 | +0.089717 |
| Level | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.207100 | 0.212300 | 0.215700 | 0.220900 | 0.224300 | 0.229500 | 0.232900 |
| Camarilla | 0.216735 | 0.217523 | 0.218312 | 0.219100 | 0.219888 | 0.220677 | 0.221465 |
| Woodie | 0.206200 | 0.211850 | 0.214800 | 0.220450 | 0.223400 | 0.229050 | 0.232000 |
| Fibonacci | 0.212300 | 0.215585 | 0.217615 | 0.220900 | 0.224185 | 0.226215 | 0.229500 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.175167 | 0.188633 | 0.207067 | 0.220533 | 0.238967 | 0.252433 | 0.270867 |
| Camarilla | 0.216728 | 0.219652 | 0.222576 | 0.225500 | 0.228424 | 0.231348 | 0.234273 |
| Woodie | 0.177650 | 0.189875 | 0.209550 | 0.221775 | 0.241450 | 0.253675 | 0.273350 |
| Fibonacci | 0.188633 | 0.200819 | 0.208348 | 0.220533 | 0.232719 | 0.240248 | 0.252433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.068367 | 0.135233 | 0.180367 | 0.247233 | 0.292367 | 0.359233 | 0.404367 |
| Camarilla | 0.194700 | 0.204967 | 0.215233 | 0.225500 | 0.235767 | 0.246033 | 0.256300 |
| Woodie | 0.057500 | 0.129800 | 0.169500 | 0.241800 | 0.281500 | 0.353800 | 0.393500 |
| Fibonacci | 0.135233 | 0.178017 | 0.204449 | 0.247233 | 0.290017 | 0.316449 | 0.359233 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 31.58 | |
| MACD (12,26,9): | -0.0142 | |
| Directional Movement: | -20.498685 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.218317 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.204437 | |
| Elder Ray (13): | -0.009658 | |
| Super Trend (3,10): | 0.251953 | |
| Zig ZAG (10): | 0.220300 | |
| VORTEX (21): | 0.7830 | |
| Stochastique (14,3,5): | 33.20 | |
| TEMA (21): | 0.212165 | |
| Williams %R (14): | -68.04 | |
| Chande Momentum Oscillator (20): | -0.023400 | |
| Repulse (5,40,3): | -1.4262 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8166 | |
| Courbe Coppock: | 25.34 |
| MA7: | 0.223814 | |
| MA20: | 0.237135 | |
| MA50: | 0.268618 | |
| MA100: | 0.265825 | |
| MAexp7: | 0.223651 | |
| MAexp20: | 0.237026 | |
| MAexp50: | 0.255898 | |
| MAexp100: | 0.271236 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | -7.10% | |
| Price / MA50: | -17.99% | |
| Price / MA100: | -17.13% | |
| Price / MAexp7: | -1.50% | |
| Price / MAexp20: | -7.06% | |
| Price / MAexp50: | -13.91% | |
| Price / MAexp100: | -18.78% |
This member declared not having a position on this financial instrument or a related financial instrument.
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