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CryptoRICK442
Feb 20, 2018 11:46 PM

XRP _ USDT 

XRP / TetherBittrex

Description

Chart asked from a VIP member

what happened with ripple?
DEATH CROSS in 20th JAN.
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level ."
Its a SELL signal, since DEATH CROSS XRP down 65% in value!

But here we can se a reversal and XRP up 87% from last BIG swing low, and now its fighting against the old uptrend line.

what its important now?
Price its fighting against uptrend and if price win and still above uptrend line we will se a GOLDEN CROSS, its the inverse of DEATH CROSS (when the short term moving average cross up the long term moving average)

IF price go under uptrend line our last support its in 0.78 fib level

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Comment

Golden cross did not happened still above uptrend line and its standing at last support 0.78 fib level just like posted!
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<p><a href="tradingview.com/chart/XRPUSDT/uU8k5W1x-XRP-USDT/">XRP _ USDT</a> by <a href="tradingview.com/u/CryptoRICK442/">CryptoRICK442</a> on <a href="tradingview.com/">TradingView.com</a></p>
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Comment

Golden cross did not happened still above uptrend line and its standing at last support 0.78 fib level just like posted!
But MA50 and MA200 still together and we are consolidating well in this support we can see a golden cross and a good reversal soon.

Comments
gusccbb
Good TA. I hope the forecast is met and XRP recovers upwards once. Tks
CryptoRICK442
@gusccbb, Thanks!
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