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...
A pretty flat week with extremely low volumes during that past three days. Upward pressure on stock price remains and price is still above the 21 Week Moving Average, as does the 3 Week EMA remain above the 9 Week EMA. Again, this hasn't been seen since March of 2018. However, I don't see the price going above .185 anytime soon - it will be slow going barring a...
XRP has been running out of room on the 2 Day chart (the one I use for XRP Buy/Sell signals). If there is not a reversal soon I believe that the price will drop to between 20-22 cents within the next week or so. As of this writing there is a bit of movement towards an upwards breakout, but this remains to be confirmed at the close of the current candle.
At the end of this week, the 3 Week EMA is above both the 9 Week EMA and the 21 Week EMA for the first time since March 2018. On the Day interval, the price has crossed above the 200 Day Moving Average. Volume was above the daily average all week and the weekly average as well. On the monthly chart, the MACD is about to cross upwards.
Observations for Aug 24, 2018
- price didn't hold down at .58 towards the end of day and came back to .65 which was a previous recent low from Aug 2, 8, and 9.
- Day Stoch RSI is at it's bottom
- the last hour on Aug 24 is a solid green candle
- the last three 30 minute candles on Aug 24 show a bullish Morning Star signal
- the 30 minute chart also shows a...