A clear resistance line at $ 0.3350 and a clear support line at $ 0.25.
Last week the xrpusd made a nice attempt and moved towards the resistance line but was unable to break and since then it has only been in decline.
According to the Stochastic, xrpusd can continue to decline.
The xrpusd decreases in the daily, weekly, and monthly graphs, showing a clear...
- Weekly: Market structure for XRP is bearish with previous lows constantly being taken out. I do see XRP possibly moving lower with huge spike recently taking place after rejection off 0.2950.
- Daily: Last week there was a huge...
After a very nice bullish move as expected, we've now pulled back to support region and re-testing my moving averages, im expecting the bulls to enter around here again and to take price much much higher. SIBOS is starting tomorrow, things could get interesting.
Check my other long entries on my profile. All in profit, holding for the long run
On Sep 17, XRP rallied up from 0.2640 to 0.3240 on Sep 18, hitting the high since Aug 05. Prices was then pushed back down to level of 0.2880, its previous resistance on Aug 18, now turned support. Unfortunately, price broke down further despite consolidating on this 'turned' support level for 2 days, and reaches level of 0.2772.
During this consolidation, note...
Last week I posted that we were seeing positive movement on the 2 Day XRP Chart. This week I'm looking a little forward at the potential of the Weekly chart. The 2 Day chart still looks good, but I'm not expecting prices above 32 cents for the time being (barring news). I'm seeing very positive signs in the Weekly chart. The MACD is poised to cross upwards and...
BTC s 6 hour chart of the descending triangle is just looking like the short term XRP chart.
HOWEVER! to confirm this chart we need a hit to 9400 level.
9400 level is really important for BTC to confirm the descending triangle.
IF WE DO not bounce or hit that level the triangle can turn symmetrical which is kinda bullish.
Lets wait and see how it bounces
We can see price has entered an area of interest once again and price is stalling in this zone with some long wicks forming, bears have been strong down to this level but now we are looking for the bulls to take over and push price higher.
Can you see how simple trading can be? Most people confuse themselves... we take all that rubbish confusion away so you have...