JohnNMex

XRP might retest previous support

JohnNMex Updated   
BITTREX:XRPBTC   XRP / Bitcoin
3D chart:
- RSI oversold
- stoch RSI dead
- price action suggests that a rounding bottom might be created
Comment:
1D chart
- RSI oversold
- stoch rsi bullish divergence
- tweezer bottom
Comment:
Comment:
For the moment things are looking good for XRP. We could say that we have a double front run of the proposed support and a bullish divergence on RSI and MACD on the 12h chart.
Comment:

At least partial profits should be taken here.
Comment:

If you took profits at 5945 you could reenter here with tight SL for a possible retest of the resistance. Price action suggests that we found support and SRSI is oversold on the H1 and H2 tf.
Comment:

Bull flag with the target right in the next possible resistance zone.
Comment:

Possible double top reversal. If we break up we have 2 targets for taking profits.
Comment:

Double top it is. Trade the breakout. It can form an ascending triangle or it can break the uptrend line and support. Wait for it.
Comment:

Double top fake breakout but a very profitable break of the trend line.

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