CapMoore

#1 Crypto Daily/H1 Intraday Trendline Break Jan 28 2018

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
Price is breaking above a descending trendline
on H1 chart on bullish divergence . On the daily timeframe
we see price trading below the Cloud but
without any follow through. Resistance
is at 1.33 and slightly above that the
Weekly pivot point at 1.37. Also a S/R level
intraday at 1.32. These levels combined
make up a resistance zone . If price breach
this zone there is a S/R level at 1.45 and
a pivot cluster around 1.55. Only a failure
to enter the Cloud at 1.33 will erase the
general recovery seen as of now. All in all
price needs to take out the 1.74 high
in order to shift the pattern of lower
highs and lower lows. Bulls would like
to see a close above 1.60 to become
more confident about the upside going
forward. A close below the 1.18 on the
daily timeframe will shift focus to the
downside.
Hi, where do you think XRP goes next days? For now I see that it is very weak, without volume and depends almost exclusively on BTC. tks
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But again like all the other "breakouts" the volume is still too low to support a sustained and convincing breakout. We're probably going to to see all coins in the red again tomorrow. On 1 hr chart the MACD is already starting to reverse...
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Daily MACD looks like its revesing too. very nice signs
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CapMoore bigtrouble
@bigtrouble Yes, it is getting there. BTC/USD has already made a cross on daily tf.
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