XRP price set up: long term analysis
It looks clear to me that
XRP
will continue to go down for some time now.
Fibonacci retracement shows .00015545 as the 61.8% level while the StockRSI does not show signs of over-sold yet.
Ichimoku is consistent, the price has not yet gone below the base line.
Once the price reaches .00015545, the set up needs to be re-examined to see if it goes to test the 50% Fib (at .00012715) or we have a buy signal (if RSI shows oversold and price has gone above the Ichimoku conversion line).
So nothing on the short term.
XRP
will continue to go down for some time now. Fibonacci retracement shows .00015545 as the 61.8% level while the StockRSI does not show signs of over-sold yet.
Ichimoku is consistent, the price has not yet gone below the base line.
Once the price reaches .00015545, the set up needs to be re-examined to see if it goes to test the 50% Fib (at .00012715) or we have a buy signal (if RSI shows oversold and price has gone above the Ichimoku conversion line).
So nothing on the short term.
Disclaimer: This is not investment advice. If you like the analyses/signals, donations are welcomed.
BTC: 14Yw69sqCZbJ2CHaBMYR8Fe9a82yZfEZWx
ETH: 0x85cED1fd9698356D0D2bac70C58517F69ee32
LTC: LiZVCUNmbSmh1ybeTCdxSEVCZLS3PAeFcN
BTC: 14Yw69sqCZbJ2CHaBMYR8Fe9a82yZfEZWx
ETH: 0x85cED1fd9698356D0D2bac70C58517F69ee32
LTC: LiZVCUNmbSmh1ybeTCdxSEVCZLS3PAeFcN
Stochastic shows oversold but the price has not gone below the base line. It should reach .00012715 to do so. In the same time, the .0001450-.0001545 level seems to be a strong support area.