XRPUSD to see sideways movement(1D) | Price riding midline band
Market in last 1 week
Today’s Trend analysis
Price expected to see a sideways movement as after getting support from lower Bollinger band price started to ride the midline Bollinger band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size increasing in the positive region suggesting a bullish bias. RSI at 44, below the midline in the neutral region. CCI at -44, in the neutral region with a slight downmove. Another interesting point to notice here is that the volume observed a decrease in volume as price saw an increase following by an increase for sideways movement indicating a weak buying 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 after getting support to ride the midline Bollinger band
- Price volatility was very high. The market moved ~13.33%, between $0.248 and $0.219
Today’s Trend analysis
- XRPUSD expected to see a sideways movement as after getting support from lower Bollinger band price started to ride the midline Bollinger band
- Price at the time of publishing: $0.2380
- XRP’s market cap: $10.75 Billion
- Oscillator indicators are mostly neutral. RSI at 44 in the neutral region.
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral and Hull MA indicates selling opportunities
- Volume indicators observed a decrease in volume as price saw an increase following by an increase for sideways movement
Price expected to see a sideways movement as after getting support from lower Bollinger band price started to ride the midline Bollinger band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size increasing in the positive region suggesting a bullish bias. RSI at 44, below the midline in the neutral region. CCI at -44, in the neutral region with a slight downmove. Another interesting point to notice here is that the volume observed a decrease in volume as price saw an increase following by an increase for sideways movement indicating a weak buying 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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