TradingView
Dangermousebanana
Aug 29, 2019 2:40 PM

XRP - we are getting close !! Long

XRP / BitcoinBitstamp

Description

We are approaching a WEEKLY bullish MACD cross !
Volume by price showing we are in an area of strong support.
May we get a false breakout of the bullish descending wedge to scare people and give up their valuable XRP right at the bottom ?
Hold strong XRP army - we are getting close !!

Trade active

Comments
f-73
We may have a MACD VXI crossing confirmation on weekly on *sunday*. Hopefully.
Early to say, bu let's cross fingers.

Next confirmation WOULD come by a Weekly Parabolic SAR reversal.
For that price should move over 0.0000295 with good volume.

In that case imho it would be a Long.

My analysis here, if you care.
Dangermousebanana
@ft-73, there are some points in common; however your analysis is much more in depth.... do not know what a parabolic SAR reversal is !
f-73
@Ratoncilo, Ty. Well Parabolic SAR is a "trend following" indicator, described this:
babypips.com/learn/forex/parabolic-sar

Look at those dots sequences, being alternatively over or under price.
Look how continuous they're on weekly in my chart.

Now they're still OVER price, meaning *downtrend*, but once price breaks over them ... well ...
Bullandbeartrading
Solid long analysis.
Dangermousebanana
More