Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend as the price is trading between midline and lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram changing from negative to positive in region suggesting a bullish bias. RSI at 47, below the midline in the neutral region. CCI at -6, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase in recent candles being below the 20-candle moving average indicating bearish momentum.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XRPUSD saw a slight uptrend with the price reaching the midline band
- Price volatility was very high. The market moved ~10.32%, between $0.258 and $0.234
Today’s Trend analysis
- XRPUSD expected to see an uptrend as the price is trading between midline and lower band with higher lows being observed
- Price at the time of publishing: $0.2509
- XRP’s market cap: $11.35 Billion
- Oscillator indicators are mostly neutral. RSI at 47 in the neutral region.
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities
- Volume indicators observed an increase in recent candles from 30.9 to 53.01M being below the 20-candle moving average which decreased from 70.93M to 64.39M.
Price expected to see an uptrend as the price is trading between midline and lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram changing from negative to positive in region suggesting a bullish bias. RSI at 47, below the midline in the neutral region. CCI at -6, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase in recent candles being below the 20-candle moving average indicating bearish momentum.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
