S/R Flip| Hidden Bullish Divergence| Holding EMA’s| Scale In
Evening Traders!
Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence.
Points to consider,
- Consecutive higher lows in place
- Testing structural support (.382 in confluence)
- Local resistance to break
- EMA’s holding price
- RSI diverging
- Stochastics in lower regions
- Volume below average
XRP’s immediate trend has put higher lows, now currently testing structural support which must hold for a confirmed S/R flip. The structural support is in confluence with the .382 Fibonacci, signalling potential buyers stepping in.
Local resistance is first target in this trend, XRP can range bound trade from structural support and local resistance. The EMA 26, must hold to avoid a bearish cross, it is important to note that it is also in confluence with structural support.
RSI is clearly diverging from price confirming the hidden bullish divergence that is coming to fruition. The stochastics is currently in the lower regions, it too is diverging, putting more emphasis on the bullish divergence.
Volume is currently below average, it will require an influx if the S/R flip holds true, volume will play a role in either direction.
Overall, in my opinion, XRP is testing an important structural support with EMA’s in confluence. It is probable to see a push into local resistance due to the hidden bullish divergence.
What are your thoughts?
Please leave a like and comment,
And remember,
Beginner’s luck often stifles growth. Losses and failure are good for you.
Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence.
Points to consider,
- Consecutive higher lows in place
- Testing structural support (.382 in confluence)
- Local resistance to break
- EMA’s holding price
- RSI diverging
- Stochastics in lower regions
- Volume below average
XRP’s immediate trend has put higher lows, now currently testing structural support which must hold for a confirmed S/R flip. The structural support is in confluence with the .382 Fibonacci, signalling potential buyers stepping in.
Local resistance is first target in this trend, XRP can range bound trade from structural support and local resistance. The EMA 26, must hold to avoid a bearish cross, it is important to note that it is also in confluence with structural support.
RSI is clearly diverging from price confirming the hidden bullish divergence that is coming to fruition. The stochastics is currently in the lower regions, it too is diverging, putting more emphasis on the bullish divergence.
Volume is currently below average, it will require an influx if the S/R flip holds true, volume will play a role in either direction.
Overall, in my opinion, XRP is testing an important structural support with EMA’s in confluence. It is probable to see a push into local resistance due to the hidden bullish divergence.
What are your thoughts?
Please leave a like and comment,
And remember,
Beginner’s luck often stifles growth. Losses and failure are good for you.
