This looks like a fairly straight forward pennant flag.
Just watch a break below the red line, (sell) and consider taking profit anytime past the green line.
Something to watch out for, the RSI is high, so a breakout will not last very long, the MACD might not cross over for a few hours.
XRP is finally getting ready to follow #BTC to the top
MACD is reaching the bottom
RSI has been oveting at around 40 for a while
We are touching the EMA 100
So I think that we should bounce back up to ~0.45 or even 0.50
I would place some sell orders at 0.45 and more at 0.50. (maybe 70%/30%)
Great recovery from XLM over the last few days showing that investors are staying away from BTC and moving to the 'other' top 10 coins.
I expect at least 4490 in the coming few days...
Trading is active already...
The launch of #ReddID was a bit of a flop and the market is not being fooled by it all.
The price of RDD is probably going to keep going down for a while... until the next pump.
- RSI is also not very good, (neither up not down)
- MACD is very flat, showing that only the holders remain .... (the volume is also low).
Maybe in the new year, if/when ReddID fulfils...
I think XRP/Ripple is about to break out for a couple of reasons.
The news have been rather positive lately, (no bad news)
The volume is low
MACD is about to cross
The RSI is a little high, but it is bouncing back
So I think there should be a little bit of profit to be taken in the next few days.
Trading might remain flat before it goes up again.
The RSI is very, very low indicating a possible recovery but the MACD is still indicating pressure.
The Crypto market is looking better this week, (some good general announcements), and, traditionally, #RDD follows that pattern.
In the last month when RDD has hit 30RSI it bounced back to a solid +60 so I would expect it to climb back up.
I would buy at around...
Two things to note
First we ignore the pump during the PH announcement.
Secondly we assume that they fix the latest 51% attack properly
I am not worried about the 51% attack, and as certain coins become more and more popular thi will happen, if they manage to fix it in an acceptable manner and the community agrees that it is done properly then most investors...
While #ETH is very strong at the moment, #NEO is looking exactly the opposite right now, I expect ETH to slow down or retract a little and NEO to start picking up.
NEO RSI is extremely low while ETH is extremely high, (duh!)
But ETH is also high against BTC and NEO is low against BTC.
I expect the turn around soon.
Buy zone: Now
Sell zone: from 0.115 to 0.12,...
The 4hrs chart is indicating that the RSI is getting closer and closer to the buy level and this matches the MACD that is also nearing a crossover.
I would look at buying at around 0.0088 and wait for the breakout.
The triangle is not totally complete, so it is possible that we see another up-down-up before the breakout.
It is up to you if you want to ride the...
With an RSI above 70, (and has been for a few hours), the MACD is about to cross all indicating a possible correction soon.
I am aiming for around 3900 as I suspect 4000 will be a psychological barrier.
The next 24hrs should see some good positive growth for Verge
- The RSI is now over 40
- The trading volume is up
- MACD is about to cross over
I don't think we will go past the 1100 but I would watch the RSI as an indicator
I will probably sell 20% at 1000, then 70% at 1100 and the rest at 1200 if it makes it, (otherwise have a stop loss at 1100).