XRP:
Stock could be headed lower towards 0.16.
Accumulation around this area bears considerable risk in case the stock cannot hold its last support level.
Breaking and closing below 0.1263 will be your strong-sell signal.
TO NOTE:
– XRP has a potent 'monthly' PSAR charge (not as potent as in 2015-2017) that could propel the stock considerably higher if high volume is given. The moment the PSAR charge breaks apart on the 'monthly', you can short the stock to much lower levels (0.05-0.06). If it remains straight, you can expect a following bull-run towards $2.
– Momentum shows a dip into neutral which is theoretically the best area to accumulate (if you know what you're doing). I strongly advise to use stop-loss on all of your trades as long as the stock trades below the 50MA line. If momentum comes too close to the bear-line, balance your trade or exit your long positions.
– Overall you are looking at a bearish chart with a few possible surprises which are not backed by any other indicators.
Stock could be headed lower towards 0.16.
Accumulation around this area bears considerable risk in case the stock cannot hold its last support level.
Breaking and closing below 0.1263 will be your strong-sell signal.
TO NOTE:
– XRP has a potent 'monthly' PSAR charge (not as potent as in 2015-2017) that could propel the stock considerably higher if high volume is given. The moment the PSAR charge breaks apart on the 'monthly', you can short the stock to much lower levels (0.05-0.06). If it remains straight, you can expect a following bull-run towards $2.
– Momentum shows a dip into neutral which is theoretically the best area to accumulate (if you know what you're doing). I strongly advise to use stop-loss on all of your trades as long as the stock trades below the 50MA line. If momentum comes too close to the bear-line, balance your trade or exit your long positions.
– Overall you are looking at a bearish chart with a few possible surprises which are not backed by any other indicators.