RIPPLE - XRP/USDT - 1H - Technical analysis published on 12/18/2019 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.197900 USDT
My targets
0.180367 USDT (-4.77%)
0.178800 USDT (-5.60%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RIPPLE - XRP/USDT. As long as you are under the resistance located at 0.197900 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.180367 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.178800 USDT as an objective. If the resistance 0.197900 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.4
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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
The RIPPLE - XRP/USDT rating is 0.189400 USDT. On the day, this instrument gained +3.50% with the lowest point at 0.175300 USDT and the highest point at 0.192200 USDT. The deviation from the price is +8.04% for the low point and -1.46% for the high point.0.175300
0.192200
0.189400
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USDT:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USDT indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.178800 | 0.189400 | 0.197900 | 0.214740 | 0.220625 |
| Change (%) | -5.60% | - | +4.49% | +13.38% | +16.49% |
| Change | -0.010600 | - | +0.008500 | +0.025340 | +0.031225 |
| Level | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.145733 | 0.162267 | 0.172633 | 0.189167 | 0.199533 | 0.216067 | 0.226433 |
| Camarilla | 0.175603 | 0.178068 | 0.180534 | 0.183000 | 0.185466 | 0.187932 | 0.190398 |
| Woodie | 0.142650 | 0.160725 | 0.169550 | 0.187625 | 0.196450 | 0.214525 | 0.223350 |
| Fibonacci | 0.162267 | 0.172543 | 0.178891 | 0.189167 | 0.199443 | 0.205791 | 0.216067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.192633 | 0.203667 | 0.209833 | 0.220867 | 0.227033 | 0.238067 | 0.244233 |
| Camarilla | 0.211270 | 0.212847 | 0.214423 | 0.216000 | 0.217577 | 0.219153 | 0.220730 |
| Woodie | 0.190200 | 0.202450 | 0.207400 | 0.219650 | 0.224600 | 0.236850 | 0.241800 |
| Fibonacci | 0.203667 | 0.210237 | 0.214296 | 0.220867 | 0.227437 | 0.231496 | 0.238067 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.82 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -1.231716 | |
| AROON (14): | 21.428566 | |
| DEMA (21): | 0.183502 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.176285 | |
| Elder Ray (13): | 0.004167 | |
| Super Trend (3,10): | 0.179431 | |
| Zig ZAG (10): | 0.189200 | |
| VORTEX (21): | 1.1378 | |
| Stochastique (14,3,5): | 87.23 | |
| TEMA (21): | 0.185966 | |
| Williams %R (14): | -17.16 | |
| Chande Momentum Oscillator (20): | 0.004600 | |
| Repulse (5,40,3): | 2.0113 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2180 | |
| Courbe Coppock: | 0.96 |
| MA7: | 0.207229 | |
| MA20: | 0.217715 | |
| MA50: | 0.245916 | |
| MA100: | 0.259255 | |
| MAexp7: | 0.184358 | |
| MAexp20: | 0.186217 | |
| MAexp50: | 0.192151 | |
| MAexp100: | 0.200122 | |
| Price / MA7: | -8.60% | |
| Price / MA20: | -13.01% | |
| Price / MA50: | -22.98% | |
| Price / MA100: | -26.94% | |
| Price / MAexp7: | +2.73% | |
| Price / MAexp20: | +1.71% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -5.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
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