XRP / Bitcoin
Updated

XRP might retest previous support

314
3D chart:
- RSI oversold
- stoch RSI dead
- price action suggests that a rounding bottom might be created
Note
1D chart
- RSI oversold
- stoch rsi bullish divergence
- tweezer bottom
Note
snapshot
Note
snapshot
For the moment things are looking good for XRP. We could say that we have a double front run of the proposed support and a bullish divergence on RSI and MACD on the 12h chart.
Note
snapshot

At least partial profits should be taken here.
Note
snapshot

If you took profits at 5945 you could reenter here with tight SL for a possible retest of the resistance. Price action suggests that we found support and SRSI is oversold on the H1 and H2 tf.
Note
snapshot

Bull flag with the target right in the next possible resistance zone.
Note
snapshot

Possible double top reversal. If we break up we have 2 targets for taking profits.
Note
snapshot

Double top it is. Trade the breakout. It can form an ascending triangle or it can break the uptrend line and support. Wait for it.
Note
snapshot

Double top fake breakout but a very profitable break of the trend line.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.