jfrose

jfrose

Here why I'm calm with current price action: - Over the past 4 days have been seeing an EMA convergence (5D,20D & 50D) with price flattening into a sideways range - This narrow trading range usually indicates imminent breakout - Sustained selling pressure is not backed by large volumes with 4H volume level consistently below the 14-day fast moving average -...

jfrose

- As predicted yesterday XRP has retested the previous resistance/value area and this has now become key support. - Some good Long volume accumulation over yesterday, and the depth (Buy/sell wall) chart is looking a lot more bullish - This wave of buy orders should see us get to 0.85 value/resistance region quite quickly where the next stack of Sell orders is...

jfrose

XRPUSD broke to the upside as anticipated. It will most likely retest the 0.774 area and convert that into support. A massive sell wall between 0.80 and 0.85, which will require either a huge buy volume coming in to break it or some attrition over the next few days to exhaust seller domination. I'm leaning toward the second option. Past 0.85 and it should an...

jfrose

Looking like its playing out, and the bears are giving it their best. However, I'm spotting a bullish divergence (MACD & RSI ) on the 4H chart. We could be going up from here. Good luck trading!

jfrose

- 4H Timeframe indicates some momentum toward upside, to be further confirmed if MACD crosses 0. Not enough volume at the moment. - Daily timeframe favouring continuation to the downside. Wait and See how it plays out by Jan 13th