The rule is simple, The More likes, the More updates!
I am really glad from all the feedback I got in my previous TA with updates, but unfortunately, I was busy the whole week, but I am back with another TA with updates, so lets get right into it!
Here is the TA from week ago with almost 20 charts updates in case you have missed out, or dont know what this 'updates concept' means.
As I stated in my previous analysis, I still havent sold any of my XRP tokens, and I still think Ripple is seeing a strong demand, but selling wave is a selling wave even in good demand.
From the top.
Ripple has struggled for a while in 9500-9300 price range, testing lower and upper level sharply.
But after a double top of 9550 follown by an uptrend and unsuccesful test of 9500, downtrend was formed.
9160 shown some good strenght, but it wasnt enough to break the downtrend as suggested with the fast lane finding hard to break slower lane, so 9160 got broken an Ripple remained in downtrend for a while.
This situation has changed when Ripple reached support of 8725 from where uptrend was rising.
This uptrend was tested after second test of 8725 and you can see that full candles are above the trend, so the trend is valid, at least for a while.
Ripple is riding on a uptrend, currently testing 8900 level, which should not be that hard, the harder part of this will be the downtrend test, if this downtrend gets broken Ripple can head to test 9160, 9300 and so on.
Looking at Indicators.
shows us that Ripple has went through three increasing selling waves, third one the strongest, so a pullback is expected.
First histogram tick was closed in green with good , so clear bullish signal from .
shows 37 level as strong , but only managed to raise the upper ressitance just a tiny bit. After this support was broken, it was retested as ressistance and failed, which led to selloff. has seen a strong demand bounce, finding on its way just a small ressistances, as after ressistance was found, support was found really close below and continued to grow.
40 level was broken succesfuly, curious to see if test of 8900/40 support will be succesful, but looks good so far.
Was pretty much said in 'current situation' but very likely to test upper ressistances, bigest one currently is this downtrend.
See you in updates!
Thats all from me, for now.
If you agree with this , consider leaving that "Agree Button" blue, as it leads me to post more similiar .
Thanks for your time and good luck trading!
8930 was found as next ressistance after 8900 got broken. 8865 was the support level that needed to show us some confidence for this uptrend, and it was shown! RSI about to test 60 bullish rsi level.