"Top and Bottom Analysis" RIPPLE (XRP/USD) by ThinkingAnts Short

XRP / DollarBitfinex

Description

⋅ Apr 12, 2019 2:18 PM

4H CHART EXPLANATION

- Price bounced from the top of the Weekly Descending Trendline and then broke the Ascending one.
- Bearish Divergence on MACD.
- Potential movement towards 0,30165. We are looking for sell setups in lower timeframes.

Updates comming soon!

MULTI TIMEFRAME VISION:

- Weekly

- Daily

Comments

PilotView

⋅ Apr 12, 2019 5:25 PM

Bearish divergence developed on the MACD on Apri 6th, and was followed by a drop from about .37 to .32

I'm waiting on bullish divergence now.