Skybontal

Skybontal Updated 

Bull exhaustion signals at this point. Bullish: IF it goes beyond $18k (yesterday's high) Bearish: IF it breaks $16.5k (doji candle low)

Skybontal Updated 

100MA has been retested multiple times in the 4hourly and is holding well. MACD suggests early signs of bullish reversal. So much room in the RSI levels. Too risky to open positions yet as we could consolidate here before testing the 50MA resistance or the Jan 3 low support (2nd support) but favors the bulls at htis point.

Skybontal Updated 

Two rejections in the 4-hourly downward trend line, first at 2.25 then at 2.14. What we want to see is a flag formation in the range of 2.10 and 1.8. And some big volume (not much at the moment). Once we break the downward trend line, next we need to test the 100MA again (orange line). Watch out for these two break outs for a good entry point. Still bearish but...

Skybontal Updated 

Second support held well. But tooo early to tell whether a trend reversal is coming. If 100MA resistance (orange) is broken, then we might see the first signs. As for now, this oulook is still bearish.

Skybontal Updated 

This is the first time since Dec 2017 that the 100MA crossed the 200MA for XRP. A very bearish outlook.

Skybontal Updated 

Not a TA...just an observation of the ongoing BCH-BTC war...