XRPUSD to see sideways movement(1D) | Support from lower band
Market in last 1 week
Today’s Trend analysis
Price expected to move sideways as the price is falling to lower band constantly and getting support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size increasing in the negative direction suggesting a bearish bias. RSI at 41, below the midline in the neutral region with a pull back. CCI at -156, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase indicating a strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XRPUSD saw an uptrend and then rejected from the midline Bollinger band
- Price volatility was very high. The market moved ~19.17%, between $0.304 and $0.255
Today’s Trend analysis
- XRPUSD expected to move sideways as the price is falling to lower band constantly and getting support from lower band
- Price at the time of publishing: $0.25997
- XRP’s market cap: $11.6 Billion
- Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
- Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in the value in the recent candles except a pike observed when the price reached high with the volume increasing from 48.3M to 85.7M
Price expected to move sideways as the price is falling to lower band constantly and getting support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size increasing in the negative direction suggesting a bearish bias. RSI at 41, below the midline in the neutral region with a pull back. CCI at -156, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase indicating a strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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