Updated

XRP, what's next ? 22th november, personal memo

I do this memo to help me. So, don't trust me, I'm not enough reliable.

On my previous analysis, I did a bad prediction. I changed a few things in my method.

Now, let's do another try.

On 18h chart:
- stoch is crossing
- CCi start to go up
- BTC indicator begin slightly uptrend
- It touched 0.42 a few hours ago
=> Possible reversal in process. BUT the candle is not close! so, I can't trust that now really. It's too early. It can change fast.

On 2h chart:
- stoch: bullish divergence
-MACD green
-CCI Stoch RSI: bullish
- BTC indicator bullish

All is ok it's going up.

If the MACD 2h turn red and 4h red: dump incoming

MACD 2h red=>macd 4h green: hold, support 0.44. Up incoming.

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I don't like the situation. It's weak. I expect that:

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Sorry, wrong target:

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Warning !!! Drop incoming if not stabilised on the support

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XRP hold the best when all coins are dropping. So, I'm preparing to enther a short with ETH or BTC

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Dip bounced on the support. We have a few hours before next decision to do

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Volume too low ! dip

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A possible path: bounce on the support, up to 0.49. Other option: drop to 0.4

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sorry, up to 0.46

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Drop to 0.4 and bounce :) What' next ? I don't know yet

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MACD RED. Bearish.
Case B. Volume neutral/weak, wave trend bad:
=> short at 15mn top bearish divergence. Place SL ! If it dump: move the stop loss. Support 0.4 can break

MACD turn green, bullish +volume OK + wave trend OK:
Case A: the downtrend line is broken: Close short. Open long +trail SL.

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Another idea:

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Back on the 0.4 support. Is it good ? not yet.

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Now it's good ! But there is something wrong. XRP is the worst performer. ETH and BTC do better. So, long on XRP now, it's not a good idea

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Touch the trendline. Small bullish bounce

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Double top it seems ! Consolidation now.

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Perfect ! Now, bounce on the support ? =>sideway, small up to the resistance. Through ? Dip to 0.4.
CCI/OBV is lower than before. Support is lower than before. => Dip prefered ?

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+1, Dip !

And now ? 4h TF: stoch is low. bull/bear waves: low. momentum: crossing bearish. CCI/OB: red and down
BUT AK MACD: green of hope. it's a slow indicator. MACD/vol: orange, pushing up.

5mn TF: CCI/OBV took a hit.

"Bullish" momentum is not dead. But it's sick. Weak. I expect some bounces , may be'll touch the red trenline. Sideway and down. I should prepare a short.
Yes it can go trough the downtrendline. But without Shoch &volume pushing up I don't see how.

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There is some support...

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It's ping pong party. Don't touch anything ! 0.4 is a good "historical" support. I guess it will bounce one more time. More or less up. And at this top, short.

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There is something new on high TF: Too much "green" for a dump. And stoch is different. True ? false ?

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Down :)

Wavema

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Wavema