RIPPLE - XRP/USD - Daily - Technical analysis published on 08/13/2019 (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
28%
33%
39%
My opinion
Bearish under 0.331740 USD
My targets
0.279048 USD (-6.23%)
My analysis
Ripple - XRP/USD 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 0.331740 USD. The next support located at 0.279048 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Ripple - XRP/USD price is 0.297600 USD. On the day, this instrument lost -0.97% and was between 0.297600 USD and 0.300700 USD. This implies that the price is at 0% from its lowest and at -1.03% from its highest.0.297600
0.300700
0.297600
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Ripple - XRP/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this Ripple - XRP/USD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.279048 | 0.297600 | 0.331740 | 0.363100 | 0.419300 |
| Change (%) | -6.23% | - | +11.47% | +22.01% | +40.89% |
| Change | -0.018552 | - | +0.034140 | +0.065500 | +0.121700 |
| Level | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.289000 | 0.293300 | 0.296900 | 0.301200 | 0.304800 | 0.309100 | 0.312700 |
| Camarilla | 0.298328 | 0.299052 | 0.299776 | 0.300500 | 0.301224 | 0.301948 | 0.302673 |
| Woodie | 0.288650 | 0.293125 | 0.296550 | 0.301025 | 0.304450 | 0.308925 | 0.312350 |
| Fibonacci | 0.293300 | 0.296318 | 0.298182 | 0.301200 | 0.304218 | 0.306082 | 0.309100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.239433 | 0.264467 | 0.281533 | 0.306567 | 0.323633 | 0.348667 | 0.365733 |
| Camarilla | 0.287023 | 0.290882 | 0.294741 | 0.298600 | 0.302459 | 0.306318 | 0.310178 |
| Woodie | 0.235450 | 0.262475 | 0.277550 | 0.304575 | 0.319650 | 0.346675 | 0.361750 |
| Fibonacci | 0.264467 | 0.280549 | 0.290485 | 0.306567 | 0.322649 | 0.332585 | 0.348667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.126267 | 0.205033 | 0.262467 | 0.341233 | 0.398667 | 0.477433 | 0.534867 |
| Camarilla | 0.282445 | 0.294930 | 0.307415 | 0.319900 | 0.332385 | 0.344870 | 0.357355 |
| Woodie | 0.115600 | 0.199700 | 0.251800 | 0.335900 | 0.388000 | 0.472100 | 0.524200 |
| Fibonacci | 0.205033 | 0.257062 | 0.289205 | 0.341233 | 0.393262 | 0.425405 | 0.477433 |
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): | 37.90 | |
| MACD (12,26,9): | -0.0109 | |
| Directional Movement: | -12.012503 | |
| AROON (14): | -28.571431 | |
| DEMA (21): | 0.295900 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.337832 | |
| Elder Ray (13): | -0.007367 | |
| Super Trend (3,10): | 0.336628 | |
| Zig ZAG (10): | 0.297700 | |
| VORTEX (21): | 0.9472 | |
| Stochastique (14,3,5): | 25.65 | |
| TEMA (21): | 0.299510 | |
| Williams %R (14): | -80.52 | |
| Chande Momentum Oscillator (20): | -0.018800 | |
| Repulse (5,40,3): | -2.0049 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5128 | |
| Courbe Coppock: | 6.91 |
| MA7: | 0.302186 | |
| MA20: | 0.310490 | |
| MA50: | 0.343692 | |
| MA100: | 0.371724 | |
| MAexp7: | 0.302683 | |
| MAexp20: | 0.311687 | |
| MAexp50: | 0.335230 | |
| MAexp100: | 0.348851 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | -4.15% | |
| Price / MA50: | -13.41% | |
| Price / MA100: | -19.94% | |
| Price / MAexp7: | -1.68% | |
| Price / MAexp20: | -4.52% | |
| Price / MAexp50: | -11.23% | |
| Price / MAexp100: | -14.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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