The big question now is: more down for XRP ?
A few weeks ago we had a very similar situation. More or less same drop. See my chart.
Differences: MACD higher ! And volume is higher .
There is much more support this time. And it may hold much more than in the past.
They have to reset parameters if they want to do a push higher later. We'll see step by step
A few weeks ago we had a very similar situation. More or less same drop. See my chart.
Differences: MACD higher ! And volume is higher .
There is much more support this time. And it may hold much more than in the past.
They have to reset parameters if they want to do a push higher later. We'll see step by step
Note
there is a divergence on low timeframe Note
All seems in a good way Note
But be care, the support will probably be tested again ! It's not a "buy signal". Situation is not clearNote
Situation looks better ! 4h chartTrade active
The dip of the truth. If the support hold, time to buy :) All is ready for a bounce up. They can make a bear trap too.
Note
I bought at the green arrow. All seems in a good way. Follow my next idea nowNote
This idea was good, this is the proofEnjoy !
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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.